Mark your calendars for Wednesday 30th October 2024, as Coinbase Global (NASDAQ: COIN) is set to unveil its third quarter financial results. This highly anticipated announcement will be made after market close, giving investors and market participants a chance to assess the company's financial performance.
As per the predictions of financial analysts on Wall Street, the business is set to report an estimated per share $0.42 profit for the third quarter. Additionally, the company is projected to unveil a revenue of $1.26 billion for the period.
The per-share loss of $0.01 was highlighted in the company's earnings report for the same quarter of the prior year. This notable figure was achieved due to the company's impressive total revenue of $674.15 million recorded during that specific period.
The forecasts for the company's annual performance have been disclosed by Wall Street analysts, with an estimated total revenue of $5.68 billion. In addition, they anticipate the company to report profit of $5.63 per share for the fiscal year.
COIN has scheduled a conference call on 30th October 2024 at 05:30 PM eastern time to discuss the third quarter financial results and other related information.
Coinbase Global (COIN) closed Monday's regular trading session at $216.10, reflecting a 5.39 percent increase. The stock fluctuated between $210.50 and $218.00 during the day, with a volume of 10.46 million shares.
