Coupa Software Shares Surge 16% on Q2 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/COUP'>Coupa Software Incorporated (NASDAQ:COUP)</a> shares soared more than 16% Wednesday afternoon following the company’s reported Q2 results, with EPS of $0.20 coming in better than the Street estimate of $0.09. Revenue was $211 million, compared to the Street estimate of $203.83 million.</p>
<p>While there were some pockets of softness (i.e., Europe cycles) and the Q2 revenue beat didn't fully flow through to the annual revenue guidance, the upbeat management commentary and margin guidance indicate good execution and operational management.</p>
<p>The company expects Q3/23 EPS to be in the range of $0.08-$0.10, compared to the Street estimate of $0.06, and revenue in the range of $211-214 million, compared to the Street estimate of $214 million.</p>
<p>For the full year, the company expects EPS in the range of $0.37-$0.44, compared to the Street estimate of $0.26, and revenue in the range of $838-844 million, compared to the Street estimate of $840.3 million.</p>
<p>Furthermore, the company’s Board of Directors approved a $100 Million share repurchase program of the company’s common stock.</p>

NASDAQ:COUP