Published: Dec. 6, 2021 astatine 4:47 p.m. ET

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%.

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Jon Swartz is simply a elder newsman for MarketWatch successful San Francisco, covering galore of the biggest players successful tech, including Netflix, Facebook and Google. Jon has covered exertion for much than 20 years, and antecedently worked for Barron's and USA Today. Follow him connected Twitter @jswartz.