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Benzinga
Benzinga
Business
Mohd Haider

Coinbase Tanks 9% After Hours As Q2 Report Misses Mark Despite $1.4 Billion Profit

COIN Coinbase Coinbase Global
Kyiv,,Ukraine,-,March,15,,2024,Coinbase,Logo,On,Iphone

Coinbase Global Inc. (NASDAQ:COIN) experienced a 9.23% drop in its after-hours stock value on Thursday. This decline followed the release of the company’s second-quarter shareholder letter.

What Happened: Coinbase Global closed its regular trading session at $377.76, up $0.28  on Thursday. The stock later plummeted by 9.23% to $342.91 during after-hours trading, according to data from Benzinga Pro.

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