Coinbase shares are trading lower after the company reported Q3 EPS and sales below estimates.
Portfolio Pulse from Benzinga Newsdesk
Coinbase shares declined after the company reported Q3 earnings per share and sales that were below analyst estimates.
October 30, 2024 | 8:33 pm
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NEGATIVE IMPACT
Coinbase's Q3 earnings per share and sales figures fell short of analyst expectations, leading to a decline in its stock price.
The company's financial performance did not meet market expectations, which typically results in a negative reaction from investors, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100