04:12 PM EDT, 05/07/2024 (MT Newswires) -- Coupang ( CPNG ) reported Q1 adjusted earnings Tuesday of $0.05 per diluted share, flat from a year earlier.

Analysts polled by Capital IQ expected $0.06.

Net revenue for the quarter ended March 31 was $7.11 billion, up from $5.80 billion a year earlier. Analysts surveyed by Capital IQ expected $7.01 billion.

Coupang ( CPNG ) shares were down 2.1% in extended trading.

Price: 22.20, Change: -0.79, Percent Change: -3.44