CPNG - Coupang Shares Fall After Mixed Q1 Results: Here's Why | Benzinga
Coupang, Inc. (NYSE:CPNG) shares are trading lower Wednesday after the company posted mixed first-quarter financial results. Here's a look at the key figures from the report.
The Details:
Coupang reported quarterly earnings of 5 cents per share which missed the analyst consensus estimate of 6 cents per share, unchanged from the same period last year.
Quarterly sales clocked in at $7.11 billion which beat the analyst consensus estimate of $6.91 billion and represents a 22.66% increase over sales of $5.8 billion from the same period last year.
The company said Product Commerce segment net revenues were $6.5 billion, up 15% year-over-year, and Product Commerce active customers reached 21.5 million, growing 16% year-over-year.
"Our results are a reflection of our commitment to customer experience and operational excellence,” ...