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Coupang (NYSE:CPNG) traded decrease on Wednesday after traders digested the Q1 earnings report.
The South Korean e-commerce participant reported income was up 13% on a reported foundation on Q1 and up 20% on a FX-neutral foundation. Energetic clients had been up 5% to 19.01M, whereas web income per energetic buyer improved 8% to $305.
Coupang (CPNG) hit a monetary milesone in Q1 after it generated optimistic free money circulate of $451M on a trailing twelve-month foundation.
Following the report, Financial institution of America reiterated a Impartial ranking on Coupang (CPNG). Analyst Susie Lee and group suppose Coupang (CPNG) continues to be one of many higher positioned Asian e-commerce firms for the long term, however suppose the corporate might wrestle to steadiness development and profitability within the close to time period.
