Coupa Software's stock fall 9% on Q3 results

Coupa Inc.'s COUP, +1.97% banal tumbled 9% successful extended trading Monday aft the institution reported fiscal third-quarter results. Coupa reported a nett nonaccomplishment of $91.2 million, oregon $1.23 a share, compared with a nett nonaccomplishment of $60.8 million, oregon 88 cents a share, successful the year-ago quarter. Adjusted net were 31 cents a share. Revenue climbed 40% to $185.8 cardinal from $132.9 cardinal a twelvemonth ago. Analysts surveyed by FactSet had expected nett income of 3 cents a stock connected gross of $178 million. Shares of Coupa are down 49% this year, portion the broader S&P 500 scale SPX, +1.17% has gained 22%.