Coinbase stock rises as Q1 results beat, but company warns bank disruptions are rattling crypto

📆 05/05/2023 07.45.00
📰 MarketWatch

⏱ Reading Time:
12 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Coinbase reported a first-quarter net loss of $78.9 million, or 34 cents a share, compared with $429.7 million, or $1.98 a share, in the same quarter last year. $COIN rose in extended trading Thursday after the quarterly results topped expectations:

Shares of Coinbase Global Inc. rose in extended trading Thursday after the cryptocurrency exchange reported first-quarter results that topped expectations, although the company warned of lower subscription and services revenue and said that the current tremors in the banking industry made for a “volatile” backdrop.

The company reported a first-quarter net loss of $78.9 million, or 34 cents a share, compared with $429.7 million, or $1.98 a share, in the same quarter last year. Revenue fell to $772.5 million, compared with...

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Tulis Komentar

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Coinbase's trading volumes dwindle ahead of earnings, retail volume could have 'bottomed out'Coinbase will share its first-quarter results on Thursday after a quarter dominated by regulatory oversight.
Sumber: TheBlock__ - 🏆 464. / 53 Baca lebih lajut »

Paramount Global shares fall over 25% after weak earnings report, dividend cutParamount Global shares plummet as company cuts dividend and earnings miss estimates.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »