Coupang Revenue Climbs 23%, Though Farfetch Deal Erodes Earnings [BNN Bloomberg (Canada)]
Coupang, Inc. Class A (CPNG)
Company Research
Source: BNN Bloomberg
South Korea's largest online retailer reported revenue of $7.1 billion, topping the average projection of $6.95 billion. But net income plunged 95% after the company included losses from Farfetch Holdings Plc, the online luxury company it acquired in January. Coupang, which popularized early and one-day delivery in Korea, posted its first full year of profit in calendar 2023. It's now seeking growth from new markets as Alibaba Group Holding Ltd.'s AliExpress and PDD Holdings Inc.'s Temu make an aggressive push into the country. Chief Executive Officer Bom Kim said during the last earnings conference call in February that he had high hopes for Farfetch and luxury fashion, a relatively new arena for his company. Read More: Coupang Soars After Loyalty Perks Lift Sales Above Estimates Coupang's active customers in the product commerce segment — shoppers who ordered at least once directly from its app or website during the period — rose to 21.5 million in the March quarter, up 16%
Show less
Read more
Impact Snapshot
Event Time:
CPNG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CPNG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CPNG alerts
High impacting Coupang, Inc. Class A news events
Weekly update
A roundup of the hottest topics
CPNG
News
- Could This Dominant Company Be the Next Amazon Stock? [Yahoo! Finance]Yahoo! Finance
- Stanley Druckenmiller slashed his Nvidia stake by 72% last quarter as the stock nearly doubled [Yahoo! Finance]Yahoo! Finance
- Coupang, Inc. (NYSE: CPNG) was upgraded by analysts at UBS Group AG from a "neutral" rating to a "buy" rating. They now have a $26.00 price target on the stock.MarketBeat
- Coupang rallies after UBS says sales, market share, and margins will continue to go higher [Seeking Alpha]Seeking Alpha
- Alibaba's AliExpress, PDD's Temu ink deal with South Korea on product safety - report [Seeking Alpha]Seeking Alpha
CPNG
Earnings
- 5/7/24 - Miss
CPNG
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 4
- 5/9/24 - Form 144
- CPNG's page on the SEC website