Coupang 3 Profit Falls, Farfetch Nears Break Even Ahead of Plan

Dow Jones

Nov 06, 2024

By Sabela Ojea

Coupang posted a drop in profit in the third quarter and said online luxury ecommerce company Farfetch is expected to spend less money than it makes earlier than planned.

Seattle-based Coupang operates an online shopping business in Korea, and on Tuesday posted a net profit attributable to shareholders of $70 million, or 4 cents a share, compared with $91 million, or 5 cents a share, for the same period a year earlier. Analysts polled by FactSet had forecast per-share earnings of 1 cent.

Revenue rose 27% to $7.87 billion, beating the $7.76 billion expected by analysts, according to FactSet.

Excluding FarFetch, revenue rose 20%. Coupang completed the acquisition of Farfetch in January through a deal that provided the ecommerce site access to $500 million in capital.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

November 05, 2024 16:36 ET (21:36 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2481153654"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2481153654\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2481153654?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-06 05:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481153654","market":"other","top_or_hot":-1,"title":"Coupang 3 Profit Falls, Farfetch Nears Break Even Ahead of Plan","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Sabela Ojea \n</p>\n<pre>\n \n</pre>\n<p>\n  Coupang posted a drop in profit in the third quarter and said online luxury ecommerce company Farfetch is expected to spend less money than it makes earlier than planned. \n</p>\n<p>\n  Seattle-based Coupang operates an online shopping business in Korea, and on Tuesday posted a net profit attributable to shareholders of $70 million, or 4 cents a share, compared with $91 million, or 5 cents a share, for the same period a year earlier. Analysts polled by FactSet had forecast per-share earnings of 1 cent. \n</p>\n<p>\n  Revenue rose 27% to $7.87 billion, beating the $7.76 billion expected by analysts, according to FactSet. \n</p>\n<p>\n  Excluding FarFetch, revenue rose 20%. Coupang completed the acquisition of Farfetch in January through a deal that provided the ecommerce site access to $500 million in capital. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 16:36 ET (21:36 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coupang 3 Profit Falls, Farfetch Nears Break Even Ahead of Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoupang 3 Profit Falls, Farfetch Nears Break Even Ahead of Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-06 05:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Sabela Ojea \n</p>\n<pre>\n \n</pre>\n<p>\n  Coupang posted a drop in profit in the third quarter and said online luxury ecommerce company Farfetch is expected to spend less money than it makes earlier than planned. \n</p>\n<p>\n  Seattle-based Coupang operates an online shopping business in Korea, and on Tuesday posted a net profit attributable to shareholders of $70 million, or 4 cents a share, compared with $91 million, or 5 cents a share, for the same period a year earlier. Analysts polled by FactSet had forecast per-share earnings of 1 cent. \n</p>\n<p>\n  Revenue rose 27% to $7.87 billion, beating the $7.76 billion expected by analysts, according to FactSet. \n</p>\n<p>\n  Excluding FarFetch, revenue rose 20%. Coupang completed the acquisition of Farfetch in January through a deal that provided the ecommerce site access to $500 million in capital. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 16:36 ET (21:36 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0979878070.USD","symbol_name":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481153654","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481153654","pubTimestamp":1730842560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Coupang posted a drop in profit in the third quarter and said online luxury ecommerce company Farfetch is expected to spend less money than it makes earlier than planned.Seattle-based Coupang operates an online shopping business in Korea, and on Tuesday posted a net profit attributable to shareholders of $70 million, or 4 cents a share, compared with $91 million, or 5 cents a share, for the same period a year earlier. Analysts polled by FactSet had forecast per-share earnings of 1 cent.Revenue rose 27% to $7.87 billion, beating the $7.76 billion expected by analysts, according to FactSet.Excluding FarFetch, revenue rose 20%. Coupang completed the acquisition of Farfetch in January through a deal that provided the ecommerce site access to $500 million in capital.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4220":"综合零售","BK4122":"互联网与直销零售","CPNG":"Coupang, Inc.","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4548":"巴美列捷福持仓"},"translate_title":"Coupang 3利润下降，Farfetch提前接近盈亏平衡","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPNG":1},"content_text":"By Sabela Ojea \n\n\n \n\n\n  Coupang posted a drop in profit in the third quarter and said online luxury ecommerce company Farfetch is expected to spend less money than it makes earlier than planned. \n\n\n  Seattle-based Coupang operates an online shopping business in Korea, and on Tuesday posted a net profit attributable to shareholders of $70 million, or 4 cents a share, compared with $91 million, or 5 cents a share, for the same period a year earlier. Analysts polled by FactSet had forecast per-share earnings of 1 cent. \n\n\n  Revenue rose 27% to $7.87 billion, beating the $7.76 billion expected by analysts, according to FactSet. \n\n\n  Excluding FarFetch, revenue rose 20%. Coupang completed the acquisition of Farfetch in January through a deal that provided the ecommerce site access to $500 million in capital. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2024 16:36 ET (21:36 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}