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In this photo illustration, the Coinbase logo is displayed on a smartphone screen.
Rafael Henrique | SOPA Images | Lightrocket | Getty Images
Coinbase reported user numbers that fell short of analysts’ estimates even as fourth-quarter earnings and revenue beat projections. The stock rose more than 2% in extended trading after dropping 4.8% during the day.
Here’s how the company did:
- Earnings: Loss of $2.46 per share, vs. loss of $2.55 per share as expected by analysts, according to Refinitiv.
- Revenue: $629 million, vs. $590 million as expected by analysts, according to Refinitiv.
Revenue plunged nearly 75% from a year earlier as the so-called crypto winter continued to drag on the price of…
Source cnbc.com
