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Coinbase's difficult Q1 results complicate market for crypto startups

17 days ago   |   By Tech Crunch

Earlier this week, TechCrunch's Equity podcast noted the chaotic price movements of crypto assets, and predicted Coinbase's earnings later this week could either smoothen or further complicate the path forward for startups in the web3 ecosystem. If Coinbase reported strong numbers, it could calm some concern about another crypto winter, the logic went.
That didn't happen.
Last night, Coinbase's first-quarter earnings report sent its already-depressed stock plummeting, causing the former public-market darling's shares to dive below the $100 per-share mark. That's far, far below the $368.90...
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Enovis Posts Earnings Results, Beats Estimates By $0.02 EPS

Enovis Posts Earnings Results, Beats Estimates By $0.02 EPS

17 days ago   |   By ETF Daily News

Enovis issued its earnings results on Tuesday. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.02, MarketWatch Earnings reports. The business had revenue of $375.00 million during the quarter, compared to analyst estimates of $367.40 million. Enovis had a return on equity of 7.41%...
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NanoString Technologies Posts Earnings Results, Misses Expectations By $0.33 EPS

17 days ago   |   By ETF Daily News

NanoString Technologies posted its quarterly earnings results on Tuesday. The biotechnology company reported earnings per share for the quarter, missing the consensus estimate of by , MarketWatch Earnings reports. NanoString Technologies had a negative return on equity of 55.40% and a negative net margin of 79.44%. The business...
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Switch Announces Earnings Results, Misses Estimates By $0.01 EPS

17 days ago   |   By ETF Daily News

Switch posted its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by , MarketWatch Earnings reports. Switch had a net margin of 0.91% and a return on equity of 3.50%. The company had revenue of $164.60 million...
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Jamf Announces Quarterly Earnings Results

17 days ago   |   By ETF Daily News

Jamf announced its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.02, MarketWatch Earnings reports. The company had revenue of $108.30 million for the quarter, compared to analysts' expectations of $105.74 million. Jamf's quarterly revenue was up...
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Warner Music Group Announces Earnings Results

17 days ago   |   By ETF Daily News

Warner Music Group issued its quarterly earnings data on Tuesday. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by , MarketWatch Earnings reports. Warner Music Group had a net margin of 7.04% and a return on equity of 481.86%. The business had revenue of $1.38...
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Turning Point Therapeutics Announces Earnings Results

17 days ago   |   By ETF Daily News

Turning Point Therapeutics posted its quarterly earnings results on Tuesday. The company reported earnings per share for the quarter, topping analysts' consensus estimates of by $0.01, MarketWatch Earnings reports. The business had revenue of $0.40 million for the quarter. During the same period in the previous year, the...
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Coinbase falls as much as 18% in premarket trading after its Q1 results missed analyst estimates

17 days ago   |   By Business Insider

Coinbase experienced a net loss of $420 million the Q1 of 2022. SOPA images
Coinbase fell as much as 18% in Wednesday's pre-market after it missed analysts' estimates for Q1.
The company pinned its first-quarter performance to "weaker crypto market conditions."
With rising interest rates, the cryptocurrency market faces a lull as investors shy away from risk.
Coinbase fell as much as 18% in pre-market trading on Wednesday after the company missed analyst estimates with its first-quarter results. The drop comes against a backdrop of a declining cryptocurrency market as rising interest rates...
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