Coinbase share price rises after hours despite earnings per share miss

From Nasdaq

August 1, 2024 5:58:25 pm:

Coinbase (COIN) shares rose in after-hours trading despite a second quarter EPS miss at $0.14 compared to analysts’ $0.91. Revenue increased by 104.8% year-over-year to $1.45 billion, surpassing expectations. The surge in Bitcoin (BTC-USD) transactions boosted commission revenue. Analysts have a Moderate consensus rating on COIN stock with an average price target of $258.06.

Read more at Nasdaq Global Indices: COIN Earnings: Coinbase Rises despite EPS Miss