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Cryptocurrency behemoth Coinbase Global Inc. (NASDAQ:COIN) will release earnings for the first quarter after the market close on Thursday. A quick overview of what’s going on with the company and its stock.
Will Coinbase Beat Earnings?
Analysts estimate America’s largest cryptocurrency trading platform to announce earnings per share of $0.26, down a massive 86% year-over-year, and 60% from the previous quarter.
Coinbase is also expected to report quarterly revenue of $1.70 billion, down 26% from the same quarter last year.
Notably, Polymarket bettors gave Coinbase just a 5% chance of beating its quarterly earnings.
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