Coinbase COIN +4.67% Global is expected to show a sharp drop in revenue and earnings when it reports second-quarter results after the close on Tuesday, as investors get their first chance to see how much damage the crypto-market crash did to the trading platform.
Wall Street expects Coinbase (ticker: COIN) to report revenue of $874 million, down 25% from the first quarter. Analysts also see the company’s quarterly loss widening to $2.47 per share from $1.98 the quarter before.
U.S. stocks are poised to open slightly lower on Monday ahead of another week of earnings and Wednesday’s report on the consumer price index for July.
On Sunday night, Dow Jones Industrial Average futures lost 36 points, or 0.1%, while the S&P 500 futures lost 0.2%, and Nasdaq Composite futures lost 0.2%.
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