Coupa Software stock rallies after surprise Q4 profit, better sales

Shares of Coupa Software Inc. COUP, -6.23% rallied nearly 10% in the extended session Tuesday after the company swung to a surprise adjusted profit in its fiscal fourth quarter and reported quarterly sales above Wall Street expectations. Coupa said it lost $61.4 million, or 85 cents a share, in the quarter, compared with a loss of $24.1 million, or 38 cents a share, for the same period last year.

Ford Motor plans $2 billion convertible notes offering; stock slips

Ford Motor Co. F, -3.83% announced Tuesday plans to offer $2 billion in convertible senior notes due 2026, in a private placement to qualified institutional buyers. The automobile maker’s stock fell 0.8% in premarket trading. The notes will be converted to cash, Ford stock or a combination of both, at Ford’s election. The initial conversion rate of the notes have not yet been determined.

Adidas announces partnership with Peloton

Adidas AG ADS, -0.65% announced a partnership with fitness company Peloton Interactive Inc. PTON, 0.04% during its investor event. Adidas gave no further detail about the alliance, except to say that more detail would come on March 18. “We’re going to be very specific of what’s coming out,” said Kasper Bo Rørsted, chief executive of Adidas, during the event, according to FactSet. “[I]t’s taken really into the context of our expansion of our training business and our focus also on women.”

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