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25.11 - 13:01
Coinbase Q3 Financial Data Lower Than Expected, Stock Falls
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blockchain.newsCoinbase's (COIN) third-quarter financial data revealed that the total net income and the earnings per share owned by shareholders were lower than what analysts had expected. The share price of the American cryptocurrency exchange platform listed on Nasdaq dropped to 13% on November 10.
According to Coinbase, a San Francisco-based digital asset trading platform's third-quarter financial report, their transaction revenue was $1.235 billion, far lower than analysts’ expectations of $1.614 billion. The company’s earnings stood at $1.62 per share, excluding stock-based compensation benefits compared to $1.81 per share, which analysts had expected.
The result of the third quarter was significantly lower than the company's second quarter. In
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