Earnings

Coinbase (COIN) earnings Q3 2021

0


Coinbase, the largest cryptocurrency exchange in the U.S., reported third-quarter earnings after the bell on Tuesday and missed analysts’ estimates on revenue. The stock sank more than 13% in extended trading.

Here’s how Coinbase did compared with analyst estimates:

  • Earnings: $1.62 a share
  • Revenue: $1.31 billion vs. $1.57 billion consensus estimate, according to Refinitiv

Coinbase said monthly transacting users fell from the prior period, dropping to 7.4 million from 8.8 million in the second quarter. The number was up from 6.1 million a year earlier. Trading volume fell to $327 billion from $462 billion in the previous quarter.

“As our year-to-date results have clearly demonstrated, our…



Source cnbc.com

0 0 votes
Article Rating

What $50 million can buy

Previous article

Bezos’ Blue Origin loses lawsuit against NASA over SpaceX lunar lander

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Earnings