8 days in the past

Coinbase Inventory Falls After Crypto Trade Stories One other Loss

Coinbase reported a sixth straight quarterly loss Thursday as regulatory dangers and decrease buying and selling volumes continued to weigh on the corporate.

The loss wasn’t as dangerous as analysts anticipated, and the corporate’s inventory rose in after-hours buying and selling earlier than giving up these beneficial properties. Learn extra on Coinbase’s earnings right here.

The most important U.S. cryptocurrency change posted a lack of $97 million within the second quarter, or 42 cents per share, on income of $708 million.

Analysts anticipated a lack of 76 cents a share on income of $628 million, in line with FactSet.