Coupa shares jump 11% on Q2 results

/ / News

Coupa Software Inc. shares jumped 11% in the extended session Tuesday after the cloud company reported second-quarter results that exceeded Wall Street estimates. Coupa reported non-GAAP earnings of 7 cents a share. Revenue soared 54% to $95.1 million. Analysts surveyed by FactSet had expected a loss of 10 cents a share on revenue of $85.4 million. Coupa shares are up 114% this year. The S&P 500 index has gained 17% this year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.