$Coupang (CPNG.US)$ Net income plunged 95% by including the ...
$Coupang(CPNG.US$ Net income plunged 95% by including the losses from Farfetch (which it just acquired for the luxury market), while revenue increases by 23%, topping the average projection.
Hmmm
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MonkeyGee : can you show me where the 95% is? because I don't see a 95% drop in NI. maybe 9.5%
ForeverBeanOP MonkeyGee: The latest News from WSJ which says:
Based in Seattle, Coupang operates an online shopping business in Korea, and on Tuesday posted a first-quarter net profit attributable to shareholders of $5 million, or 0 cents a share, compared with $91 million, or 5 cents a share, for the same period a year earlier.
I saw -95% from 91M to 5M
ForeverBeanOP : To me this is the only 'poor' number tho. Pretty strong earnings overall. Been watching for a while. Glad it dropped somehow for entry
Can never be sure.
ps. The market might see it the other way
MonkeyGee ForeverBeanOP: I'm happy for the drop. now I can reload. These AI trading algo are amazing. Time the drop right at the top of the resistance point. That really takes skill to manipulate that way.