Coupang's (NYSE: CPNG) stock price surged 19% on May 12 following the release of its first-quarter earnings report. The South Korean e-commerce leader's revenue rose 22% year over year to $5.12 billion, or 32% in constant currency terms, but missed analysts' expectations by about $130 million.
Coupang, Inc. (CPNG) delivered earnings and revenue surprises of 79.66% and 0.16%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
MOUNTAIN VIEW, Calif. & SEOUL, South Korea, May 11, 2022--Coupang Announces First Quarter Gross Profit Increase of 42% YoY and Record Revenue of $5.1B