Why Is Coupang (CPNG) Stock Up 4% Today?

Coupang (NYSE:CPNG) stock is on the rise Wednesday following the release of the e-commerce company’s earnings report for the fourth quarter of 2023.The good news for investors in CPNG stock starts with its adjusted earnings per share of 8 cents. That beats out Wall Street’s adjusted EPS estimate of 6 cents for the quarter. It’s also an improvement over the 3 cents per share from the same period of the year prior.Another boon for CPNG stock is the company’s revenue of $6.56 billion. This also comes in above ...