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Coupa Software Inc. (COUP) Is Surging After Unexpected Q2 Profit

Coupa Software Inc. (COUP) reported second quarter non-GAAP EPS of $0.05 after the bell Tuesday, compared to the loss of $0.10 a year ago. Analysts expected a loss of $0.09. The company expects to report a third quarter non-GAAP loss of $0.04 to $0.01 and a non-GAAP loss of $0.11 to $0.06 for the full year. Street expectations are for losses of $0.05 and $0.17 respectively.

The company also announced that it has agreed to acquire the technology assets of DCR Workforce.

Coupa Software was range-bound throughout Tuesday's session and closed up by 0.29 at $72.00. The stock is now up 8.96 on 43K shares after the bell.

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