Although the revenue was a beat, the +32.4$ Y/Y was less than the market wanted, and the stock is trading down about 6.5% ($18) after market, after trading down approx. $9 ($277) during regular market hours.
Actually, according to Seeking Alpha, it was the 3rd quarter EPS forcast of 2 to 3 cents instead of the consensus estimate of 5 cents which is causing the negative reaction AH.
I am happy with their execution. They are delivering “more bang for their buck (lower prices)” and “better managed of expenditure and cashflows” for their clients. Both are in high demand and essential. I think there are clear signs of a service provider that is of increasing importance for it’s clients. Coupa has massive network benefits and it all bodes well for the long term.
the Q3 EPS forecast of $0.02 to $0.03 misses the $0.05 consensus estimate
any forecast in this covid environment is a guess at best, and obviously a conservative one at that. I would just ignore the forecast and see it as a positive that they have given any guidance