projections

Coinbase’s stock drops by 10% following a shortfall in Q3 earnings projections.

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Coinbase’s stock drops by 10% following a shortfall in Q3 earnings projections.

Coinbase’s third-quarter earnings report was below expectations, leading to a nearly 10% drop in the company’s shares. The largest U.S. crypto exchange fell short of both profit and revenue estimates, with revenue coming in at $1.2 billion, $60 million lower than what Wall Street analysts had predicted. Earnings per share also missed the mark, with … Read more

Shell plans to repurchase $3.5bn worth of shares after surpassing profit projections.

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Shell plans to repurchase .5bn worth of shares after surpassing profit projections.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shell has announced another $3.5bn of share buybacks after its quarterly profits exceeded market expectations. Europe’s largest oil and gas company reported adjusted earnings of $6bn for the third quarter, beating average analyst estimates of … Read more