Coupang Q1 Adj $0.05 Misses $0.06 Estimate, Sales $7.11B Beat $6.91B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coupang reported Q1 earnings of $0.05 per share, missing the consensus estimate of $0.06, and sales of $7.11B, beating the estimate of $6.91B. This represents a 22.66% increase in sales compared to the same period last year.
May 07, 2024 | 8:01 pm
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Coupang's Q1 earnings per share missed estimates, but revenue exceeded expectations with significant year-over-year growth.
While Coupang missed the EPS estimate, the significant beat on revenue and the substantial year-over-year sales growth could offset investor concerns about the earnings miss. The mixed results present a neutral short-term outlook as the revenue growth indicates strong business performance, which might balance out the slight disappointment in earnings per share.
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IMPORTANCE 90
RELEVANCE 100