News Formal

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

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

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

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...

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 3. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: TheBlock__ - 🏆 464. / 53 Lees verder »

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