Coupang Inc (CPNG) Reports Strong Q4 and Full-Year 2023 Financial Results
Revenue and Profitability Surge Amidst Expansion and Customer Growth
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Revenue and Profitability Surge Amidst Expansion and Customer Growth
Coupang reported quarterly adjusted earnings of 8 cents per share, beating the analyst consensus estimate of 6 cents per share. Quarterly sales came in at $6.6 billion which beat the analyst consensus estimate of $6.44 billion and is a 23.9% increase over sales of $5.33 billion from the same period last year. Product Commerce segment net revenues reached $23.6 billion, growing 18% year-over-year, and Developing Offerings segment net revenues were $789 million, up 26% year-over-year on a reported basis.
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This company is underfollowed on Wall Street, but has immense growth potential.
Sepio Capital LP lowered its position in Coupang, Inc. (NYSE:CPNG – Free Report) by 76.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,341 shares of the company’s stock after selling 314,846 shares during the quarter. Sepio Capital LP’s holdings in […]