Deutsche Bank Downgrades Coupang Inc (CPNG) to Hold

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Go back to Deutsche Bank Downgrades Coupang Inc (CPNG) to Hold

Coupang (CPNG) Shares Slide as Revenue Misses Expectations

August 11, 2022 12:57 PM EDT

Coupang (NYSE: CPNG) shares are down 2.8% on the back of its earnings release aftermarket Wednesday.

While earnings topped analyst expectations, revenue missed forecasts, with the company reporting a second-quarter loss per share of $0.04, $0.08 above the analyst estimate of $0.12, with revenue for the... More