Coupang's EPS Soars Despite Revenue Miss
The e-commerce platform operator came up a bit short on revenue in the fourth quarter, but beat expectations on earnings per share.
Coupang (NYSE:CPNG), a U.S.-based e-commerce powerhouse that largely does business in South Korea, disclosed its fourth-quarter results on Feb. 25. The most noteworthy metric was its earnings per share (EPS) of $0.08, which significantly outperformed the expected $0.01 with some help from a one-time insurance gain. However, revenues of $7.965 billion fell short of projections of $8.136 billion. Despite that miss, Coupang's year-over-year revenue growth was a robust 21%.
Source: Analysts' estimates for the quarter provided by FactSet.
Coupang, often described as South Korea's Amazon, is renowned for its innovative delivery services -- notably Rocket Delivery, which provides same-day and dawn-next-day delivery. These offerings have been crucial in enhancing the customer experience and gaining a competitive edge. The company also directly supports the small and medium-sized enterprises (SMEs) that sell on its platform, offering them marketing, logistical, and customer service assistance to amplify their growth.
