Coupang Inc is a leading e-commerce company based in South Korea, renowned for revolutionizing online shopping in the region
The company operates a highly sophisticated logistics network, enabling rapid delivery of a wide array of products, ranging from electronics and household goods to groceries and beauty products. Coupang's user-friendly platform offers an extensive selection of items, innovative features like same-day and next-day delivery, and a subscription service that enhances the shopping experience for its customers. With a strong emphasis on customer satisfaction, Coupang continues to expand its offerings and improve its services, positioning itself as a major player in the global e-commerce landscape.
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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 suggests that its newer businesses, including international expansion and fintech, are driving top-line gains while the core e-commerce business matures.
Overall, this was a mixed quarter: Strong earnings and margins offset weaker customer growth and revenue expectations, but investors appear focused on the profitability upside.
All three major indices were green in midday trading Wednesday as the S&P 500 and Nasdaq 100 looked to snap their four-day losing streaks. NVIDIA Corp.
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.
Markets fell broadly Tuesday with the S&P 500 trading at five-week lows and the Nasdaq extending its three-day losing streak. The Dow Jones managed to recover midday while Wall Street digested a weaker-than-anticipated consumer confidence survey from the Conference Board, adding to concerns over the health of the U.S.
