Why did Coinbase (coin) have a blowout first quarter?

Coinbase (COIN) had a blowout first quarter as it benefited from improving crypto market conditions and business diversification efforts, broker JMP said in a research report on Thursday. The crypto exchange reported first-quarter net income of $1.2 billion and diluted earnings per share (EPS) of $4.40.

Why did Coinbase shares rise sharply in after-hours trading?

Coinbase shares rose sharply in after-hours trading after the crypto exchange reported fourth-quarter earnings and revenue that came in substantially above Wall Street estimates.

Why did Coinbase (coin) shares jump 14% in Thursday's extended-hours trading session?

Coinbase ( COIN) shares jumped more than 14% in Thursday’s extended-hours trading session after the largest U.S. cryptocurrency exchange reported quarterly earnings and revenue significantly above Wall Street expectations thanks to growth in transaction volumes.