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Coinbase posts better-than-expected sales, profit, and transaction numbers

The crypto exchange rose slightly in early after-hours trading.

Cryptocurrency exchange Coinbase reported better-than-expected Q3 sales, profit, and transaction numbers than Wall Street analysts had expected, giving shares a slight lift in the after-hours session.

Revenue came in at $1.87 billion vs. the $1.80 billion consensus analyst expectation, per FactSet.
Earnings per share were $1.50 vs. the $1.13 analysts predicted.
Transaction revenue was $1.05 billion vs. a $984.8 million forecast.

Coinbase shares — which were added to the S&P 500 in May — have been volatile this year, as low as $151 and as high as $419, as they’ve been buffeted by both swings in crypto prices and growing competition from other brokerage firms aiming at taking market share.

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