Coinbase (COIN) Reports Q1 Loss, Shares Drop 4% Post-Earnings
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowCoinbase (COIN) reported a first-quarter loss of $1.49 per share, missing analyst expectations of a $0.27 profit. Revenue totaled $1.41 billion, also below the expected $1.52 billion. After hours, shares fell by 4%. Despite falling crypto prices, Coinbase saw a 169% increase in derivatives trading volume, totaling approximately $4.2 billion. This growth in diversified revenue streams may help offset volatility associated with traditional crypto trading.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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