Home Coinbase Coinbase (COIN) Stock Slumps After Earnings Miss Estimates – Bloomberg

Coinbase (COIN) Stock Slumps After Earnings Miss Estimates – Bloomberg

1 min read
Comments Off on Coinbase (COIN) Stock Slumps After Earnings Miss Estimates – Bloomberg
12

Coinbase Global Inc. shares fell practically 12% in postmarket buying and selling after the largest U.S. digital-asset trade reported worse-than-forecast outcomes following a summertime swoon within the risky cryptocurrency market. 

Coinbase, which blamed market turbulence and decrease coin costs through the early portion of the third quarter, posted income of $1.24 billion, in contrast with the $1.57 billion forecast by analysts. Whereas decrease sequential income was anticipated after coin costs dropped from report highs on the finish of the second quarter, many analysts not too long ago inched up estimates, inspired partially by a restoration in downloads of Coinbase’s primary cell app. 

Adblock test (Why?)


Source link

Comments are closed.

Check Also

Govt considers giving cryptocurrency holders deadline to declare assets: Report – Livemint

The union authorities will most likely give crypto holders a deadline to declare their pro…