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Coupa Software (COUP) Is Down After Q3 Loss

Coupa Software (COUP) reported a third quarter non-GAAP loss of $0.05 per share after the close Monday, compared to the loss of $0.22 per share last year. The consensus estimate was for a loss of $0.11. The company expects to report a fourth quarter loss of $0.16 to $0.14 per share and a full year 2018 loss of $0.39 to $0.37 per share. Street expectations are for losses of 0.17 and $0.48. The stock is now down 1.59 on 57K shares.

Coupa Software dropped during the middle portion of the morning Monday and ended the day with a loss of 2.32 at $33.62 on above average volume. The stock dropped to a 2-week low.

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