Coupang Q2 2024 Adj EPS $0.07 Beats $(0.01) Estimate, Sales $7.32B Miss $7.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coupang (NYSE: CPNG) reported Q2 2024 earnings per share (EPS) of $0.07, significantly beating the analyst consensus estimate of $(0.01). However, the company's quarterly sales of $7.32 billion missed the analyst consensus estimate of $7.38 billion by 0.71%. Despite this, sales increased by 25.44% compared to the same period last year.
August 06, 2024 | 8:27 pm
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POSITIVE IMPACT
Coupang's Q2 2024 EPS of $0.07 beat estimates by 800%, but sales of $7.32 billion missed expectations by 0.71%. Sales increased by 25.44% YoY.
The significant beat on EPS is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. The strong year-over-year sales growth further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100