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2 Crypto Stocks Sliding After Earnings Today
Schaeffers Investment Research·2025-08-01 23:22

Shares of Coinbase Global Inc (NASDAQ:COIN) were last seen down 15.5% at 319.31,afterthecompanyssecondquarterearningsof12centspershareandrevenueof319.31, after the company's second-quarter earnings of 12 cents per share and revenue of 1.5 billion both missed estimates. The cryptocurrency exchange also issued a disappointing third-quarter subscription and services revenue outlook, with no fewer than four analysts slashing their price targets after the event, including J.P. Morgan Securities to 432from432 from 404. Fresh off three-straight monthly wins, COIN is up 28.2% year-to-date ...