Coinbase Shares Slump After Big Q3 Earnings Miss on ‘Softer’ Market Condition

Coinbase Shares Slump After Big Q3 Earnings Miss on ‘Softer’ Market Condition

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Source: Coindesk.com

Coinbase (COIN) third-quarter earnings and revenue missed Wall Street analysts' estimates on Wednesday, sending shares slumping in after hours trading.

The crypto exchange said its third-quarter total revenue was $1.2 billion versus the average estimate of $1.26 billion, according to FactSet data. Meanwhile, earnings per share of $0.28 missed analyst expectations of $0.45. Coinbase's third-quarter adjusted Ebitda

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Source: Coindesk.com

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