Coupa execs on Monday confirmed it bought Yapta for about $100 million, but said the new property would underperform relative to original expectations. Wex acquired fellow payments firm eNett at what one analyst called a “steep” multiple. Recent acquisition activity is far from the only thing that looks upside-down in the new environment. Forecasting is virtually impossible.
Publicly traded companies are pulling their financial guidance right and left. American Express Company CFO Jeff Campbell said . . .