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Why Coupa Software Stock Fell Today

TheMotleyFool

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Why Coupa Software Stock Fell TodayPhoto, wide shot, wide-angle lens, Cloud computing provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/893880f6-c6d9-4518-b1a0-f0be05207ac4.png

Shares of Coupa Software (NASDAQ: COUP) fell today after the company reported fourth-quarter and full-year fiscal 2021 results yesterday. Despite a strong quarter, investors may be concerned that the tech sector won't grow as fast as it has over the past year.

The tech stock was down by 5.5% as of 10:22 a.m. EDT on Wednesday.

Coupa reported revenue of $163.5 million in the fourth quarter, an impressive 47% year-over-year increase, and far ahead of Wall Street's consensus estimate of $145.7 million. The company's non-GAAP fourth-quarter earnings per share of $0.17 also easily beat analysts' consensus estimate for a loss of $0.11 per share.

Source Fool.com

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