Coinbase Q3 Earnings Highlights: Revenue Miss, EPS Miss, Transaction Revenue Falls From Q2
Portfolio Pulse from Chris Katje
Coinbase Global (NASDAQ:COIN) reported Q3 earnings with revenue and EPS missing estimates. Revenue was $1.21 billion, below the $1.26 billion expected. EPS was 28 cents, missing the 42 cents estimate. Transaction revenue fell 27% from Q2. The stock fell 3.66% in after-hours trading.
October 30, 2024 | 8:40 pm
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Coinbase reported Q3 earnings with revenue and EPS missing estimates. Revenue was $1.21 billion, below the $1.26 billion expected. EPS was 28 cents, missing the 42 cents estimate. Transaction revenue fell 27% from Q2. The stock fell 3.66% in after-hours trading.
Coinbase's Q3 earnings report showed a miss on both revenue and EPS, which are critical metrics for investors. The decline in transaction revenue and trading volume indicates potential challenges in the core business. The after-hours stock price drop of 3.66% reflects negative investor sentiment.
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