Coinbase, Poshmark, DoorDash and more

Coinbase, Poshmark, DoorDash and more

Take a look at the businesses making headlines in after hours buying and selling:

Coinbase — Shares of Coinbase dropped more than 13% after the corporate reported quarterly income of $1.31 billion, which missed analysts’ expectations. Month-to-month lively transaction customers had been decrease from the earlier quarter, at 7.4 million, however up from the prior 12 months. Transaction-based income was additionally decrease from the earlier quarter.

Poshmark — The social market’s shares tumbled about 27% after it reported quarterly outcomes. It reported a lack of 9 cents per share, versus analyst estimates of seven cents per share. Income additionally got here in weaker than anticipated at $79.7 million, versus $82.7 million anticipated by Wall Avenue.

Aurora — The hashish firm’s shares fell 3.7% in prolonged buying and selling after the corporate reported a slight income miss in its quarterly outcomes. Aurora recorded CAD $60.1 million in comparison with estimates of CAD $60.6 million. It additionally reported a 23% enhance in gross sales of medical hashish, nevertheless, gross sales of leisure hashish declined 44%. Leisure hashish makes up 95% of gross sales throughout Canada.

DoorDash — The meals supply platform noticed its shares bounce 5% after asserting its largest acquisition up to now of Wolt, the Finland-based supply app, for 7 billion euros, or about $8.1 billion. The corporate additionally reported its quarterly outcomes, which included a wider than anticipated lack of 30 cents per share versus 26 cents pre share.

FuboTV — Shares of the sports activities stay tv streaming platform fell 4% after it reported a lack of 47 cents per share and income of $156.7 million for the third quarter. The corporate additionally elevated its steering for the fourth quarter.

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