Coinbase Jumps The Q4 Estimates, Share Value Falls Unexpectedly
It all started with a bang for Coinbase when the numbers about its users, transactions and revenue amplified to a whopping extent.
Where the financial experts approximated the revenue of $2 billion for Coinbase’s Q4 did exceptionally well by surpassing the estimates with $2.5 billion revenue instead.
Even the earnings per share outstood the estimate of $1.94 and brought immense happiness for the investors with $3.32 per share.
After comparing Q3 with Q4, the numbers were found to be as good as $1.1 billion and $2.3 billion, respectively. The MTU stood at 11.4 million, making the trading volume total $547 billion.
All these reported numbers clearly made the 4th quarter a big hit for the company Coinbase.
However, it is hard to put the other dull side aside. Last Thursday, the postmarket trading brought a blow to the company when its share fell around 3% out of the blue.
Coinbase stepped forward to hush the babble by holding the geographical wavering and macroeconomic dynamics in different regions accountable for such a recorded drop.
This clarification came from Alesia Haas is, the Chief Financial Officer at Coinbase. Inflation and increased interest were also on his list for share tumbling.