Coinbase Glb Q4 EPS $1.04 Beats $(0.01) Estimate, Sales $953.79M Beat $822.36M Estimate
Portfolio Pulse from Happy Mohamed
Coinbase Global (COIN) reported Q4 earnings of $1.04 per share, surpassing the analyst consensus estimate of $(0.01) by 10500%. This represents a 142.28% increase over the previous year's losses of $(2.46) per share. Quarterly sales reached $953.79 million, exceeding estimates of $822.36 million by 15.98% and marking a 51.61% increase from the previous year.
February 15, 2024 | 9:09 pm
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Coinbase Global reported a significant beat on both earnings and sales for Q4, with earnings of $1.04 per share and sales of $953.79 million.
The substantial beat on both earnings per share and sales compared to analyst estimates, coupled with a significant year-over-year growth, suggests a strong performance by Coinbase Global. This is likely to positively impact investor sentiment and potentially lead to a short-term increase in COIN's stock price.
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IMPORTANCE 100
RELEVANCE 100