Coinbase Global (NASDAQ:COIN) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Coinbase Global missed estimated earnings by 1264.71%, reporting an EPS of $-1.98 versus an estimate of $0.17.
Revenue was down $635.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $1.47 which was followed by a 1.52% drop in the share price the next day.
Here's a look at Coinbase Global's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.85 | 1.56 | 2.24 | 2.99 |
| EPS Actual | 3.32 | 1.62 | 6.42 | 3.05 |
| Revenue Estimate | 1.91B | 1.57B | 1.77B | 1.81B |
| Revenue Actual | 2.50B | 1.31B | 2.23B | 1.80B |
To track all earnings releases for Coinbase Global visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
