Coupang (CPNG) stock slid late Tuesday, despite the global e-commerce company's third-quarter earnings and sales beating estimates. In after-hours action, Coupang shares retreated below gains from a strong regular session.

Coupang said it earned 4 cents per share on sales of $7.9 billion for the September-ended quarter. Analysts polled by FactSet were projecting the Seattle, Wash-based would earn 1 cent per share on sales of $7.8 billion.

For the same period a year earlier, Coupang posted earnings of 5 cents per share on sales of $6.2 billion.

On the stock market today, Coupang stock is down more than 5% at 25.48 in recent after-hours action.

Coupang: Farfetch Nears Break-Even

Coupang's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $343 million, compared with estimates of $349 million, according to FactSet. That could be contributing to the negative reaction.

On the positive side, Coupang said that its Farftech business is near break-even, earlier than planned. Coupang acquired the U.K.-based global luxury goods marketplace in January through a deal that gave Farfetch access to $500 million in capital. The business has been a drag on earnings in the quarters since. Excluding Farfetch, Coupang said its earnings this quarter would have been 6 cents per share.

That's a big improvement from the second quarter when Coupang reported a loss of 4 cents per share, which it said would have been earnings 7 cents per share without Farfetch and an administrative fine.

Overall, Coupang's revenue grew 27% year over year. Sales growth has either accelerated or remained steady for seven straight quarters.

"This quarter we continued the strong momentum we've seen throughout this year, delivering robust growth in revenues and margins," said Chief Financial Officer Gaurav Anand said in a news release.

Coupang Stock: Technical Ratings

Founded in 2010, Coupang is South Korea's largest e-commerce company. With initial backing from Japan-based investment firm SoftBank, Coupang has invested heavily in developing same-day delivery in the country. Its offerings also include payments technology, food delivery and a streaming entertainment service.

Prior to earnings, Coupang stock gained 4.7% in Tuesday trading. Shares have gained 65% this year. Coupang's IBD Relative Strength Rating was 92 out of 99. The RS Rating means that Coupang has outperformed 92% of all stocks in IBD's database over the past year.

Coming into the report, Coupang stock had an IBD Composite Rating of 78 out of a best-possible 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one rating. The best growth stocks have a Composite Rating of 90 or better.

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