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Coinbase shares fall after exchange posts a weak second quarter

Reported · Written up by our desk · Equities

Coinbase shares fell after the crypto exchange released its second-quarter results, which missed Wall Street expectations on revenue and earnings, according to CNBC Markets.

The company has now reported three straight quarters in which it failed to meet analysts' forecasts for both revenue and earnings, CNBC Markets said.

Coinbase's latest quarter was cited as disappointing following its quarterly report issued Thursday.

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Sources

CNBC MarketsCoinbase shares fall after crypto exchange posts disappointing second-quarter results

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