The Latest Breaking News from CPNG

The e-commerce industry is well-positioned for growth thanks to rising internet penetration and evolving consumer preferences towards convenient shopping experiences. Amid this backdrop, it could be wise to look into e-commerce stocks, such as Coupang (CPNG), Etsy (ETSY), and Shopify (SHOP), which are redefining online shopping. Continue reading….

South Korea’s e-commerce giant, Coupang (CPNG), has surged over 40% this year. Yet, despite this impressive rally, a decline in bottom-line performance raises concerns, leaving investors wondering: Can CPNG keep up its momentum? Read on to find out.

Coupang (NYSE:CPNG) reported its Q1 earnings results on Wednesday, May 11, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Coupang beat estimated earnings by 29.41%, reporting an EPS of $-0.12 versus an estimate of $-0.17.

Coupang Inc (NYSE:CPNG) reported first-quarter revenue growth of 22% year-over-year to $5.12 billion, +32% on a constant currency basis, missing the consensus of $5.25 billion. Active customers increased by 13% Y/Y, and total net revenues per Active Customer improved by 8% Y/Y to $283. The total gross profit was $1.04 billion (+42%…

Coupang (NYSE:CPNG) is set to give its latest quarterly earnings report on Wednesday, 2022-05-11. Here's what investors need to know before the announcement. Analysts estimate that Coupang will report an earnings per share (EPS) of $-0.17.

After briefly rebounding from this year’s lows, the stock market has been witnessing a massive selloff this month on investor concerns about rising inflation, the possibility of aggressive interest rate hikes this year, rising energy prices, and no measurable progress on ending the Ukraine-Russia war. Because the market is expected…

Goldman Sachs analyst Eric Cha upgraded Coupang Inc (NYSE:CPNG) to Conviction Buy from Buy with a price target of $37, down from $52. The price target implies an upside of 108.5%. The rising rates, industry growth deceleration on high comps, and COVID induced capacity issues, which have weighed on the stock price since the second…

The shares of South Korea-based e-commerce giant Coupang (CPNG) were crushed recently after its largest shareholder sold CPNG shares worth $1 billion. Furthermore, challenges related to high costs and rising local competition make the company’s growth prospects gloomy. Also, given that CPNG has not been able to improve its profitability,…

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) Vision Fund's block trade sale worth $1 billion on March 9 triggered Coupang Inc (NYSE:CPNG) share's recent meltdown. SVF Investments (UK) Ltd sold 50 million Coupang shares for $20.87 per share. Coupang's shares closed at $22.70 on March 9 and $18.94 on March 10. Also Read: South Korean E-Commerce Company Coupang…