Magical Trade
Saturday, September 30, 2023
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Coinbase reports third-quarter revenue that misses analysts’ estimates

by
November 9, 2021
in Trade News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

5 economic shocks are about to hit the U.S. all at the same time: ‘There are storm clouds out there forming that we’re all seeing and watching—fearfully’

Schedule for Week of October 1, 2023

The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021.

Shannon Stapleton | Reuters

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 in extended trading.

Here’s how Coinbase did compared with analyst estimates:

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

Coinbase said monthly active transaction users fell from the prior quarter.

Much of the company’s success hinges on the performance of digital assets like bitcoin. On Monday, bitcoin hit a new all-time high of $68,000, and ethereum set a new record, topping $4,800.

Coinbase held its stock market debut in April at $381 a share and was briefly valued at high as $100 billion, on a fully diluted basis. The stock sank below $221 in July but has rallied dramatically in the past month, closing on Tuesday at $357.39.

In September, the company scrapped plans to launch a crypto lending product after it revealed that the SEC planned to sue over the product. Also during the quarter, Coinbase announced plans to launch a marketplace to trade nonfungible tokens and allowed customers to deposit paychecks into their accounts.

Facebook, now known as Meta Platforms, recently said it hired Coinbase to deal with logistics for its new digital wallet for cryptocurrencies.

ShareTweetPin

Related Posts

5 economic shocks are about to hit the U.S. all at the same time: ‘There are storm clouds out there forming that we’re all seeing and watching—fearfully’

by
September 30, 2023
0

Schedule for Week of October 1, 2023

by
September 30, 2023
0

The Renewable Energy Revolution Is Here: Goldman Sachs Suggests 3 Green Stocks to Buy

by
September 30, 2023
0

S&P 500 Could Reach All-Time High in 2024, Says J.P. Morgan Strategist — Here Are 2 Top Stocks to Bet on It

by
September 30, 2023
0

‘Extremely Frustrating’: Homeowner Lives In Van While Deadbeat Tenant Lists Unit On Airbnb — Here Are 2 Hassle-Free Ways To Invest In Real Estate

by
September 30, 2023
0

Next Post

November 9th COVID-19: 16 Days till Thanksgiving and New Cases Stuck at 70,000+ per Day

Coinbase shares drop after third-quarter revenue misses analysts' estimates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • This idiot-proof portfolio has beaten traditional stocks and bonds over 50 years

    0 shares
    Share 0 Tweet 0
  • Interactive Brokers’ Thomas Peterffy sees the stock market dropping another 15% from here

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net