NYSE:CPNG - New York Stock Exchange, Inc. - US22266T1097 - Common Stock - Currency: USD
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Shares of online platform company Coupang (NYSE:CPNG) jumped 7.3% in the pre-market session after the company reported strong fourth-quarter results that significantly exceeded analysts' expectations for EPS and EBITDA. However, sales fell short of Wall Street's targets, rising 21%, as active customers increased by only 10%, slightly missing expectations. Looking ahead, the company may face slower growth. Its core Product Commerce unit grew just 9%, lagging behind total revenue gains. This sugge
Coupang stock after the company reported Q4 earnings that beat estimates, despite lower-than-forecasted sales.
Online platform company Coupang (NYSE:CPNG) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 21.4% year on year to $7.97 billion. Its GAAP profit of $0.08 per share was significantly above analysts’ consensus estimates.
Coupang Inc., the largest e-commerce company focused on South Korea, handily beat profit estimates for the fourth quarter, even as sales grew more slowly than expected during the period.
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