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Benzinga
Benzinga
Business
Adam Eckert

Coinbase shares fall after hours as company reports weak Q1 results

Coinbase Coinbase Global Inc Nasdaq

Coinbase Global Inc (NASDAQ:COIN) shares are trading lower in Tuesday's after-hours session after the company reported weak financial results.

Coinbase reported first-quarter revenue of $1.17 billion, which came in below the $1.48 billion estimate, according to data from Benzinga Pro. The company reported an earnings loss of $1.98 per share, which was down from positive earnings of $3.05 per share year-over-year.

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