NewsDialy
is expected to report a loss of $0.22 per share for the current quarter, a decline of 115.3% from the same period last year.
This projected loss follows the company's recent performance, where it reported a loss of $0.39 per share in its last reported quarter, compared to a profit of $0.12 a year earlier.
The stock has underperformed the broader market over the past month, returning -1.8% while the Zacks S&P 500 composite gained 0.6%.
During this same period, the Zacks Financial - Miscellaneous Services industry, to which Coinbase belongs, fell by 5.2%.
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