The cryptocurrency exchange Coinbase achieved earnings per share (EPS) of $0.27 in the third quarter of 2024, significantly better than the loss of -$0.010 in the previous year. However, the result fell short of analysts' expectations of $0.448 per share.

Coinbase's revenue rose nearly two and a half times compared to the previous year's quarter to $1.2 billion. This allowed the company to significantly surpass the revenue figure of $674.2 million from the previous year. However, the revenue still fell short of analysts' forecasted $1.26 billion.

Despite the revenue growth and improvement in EPS, investors reacted disappointedly to the quarterly figures. In trading on NASDAQ, Coinbase stock fell by 15.34 percent, reaching a price of 179.25 US dollars. This sharp price correction reflects the investors' dissatisfaction, who had expected better performance.

Financial analysts criticized that although Coinbase had made progress compared to the previous year, it still could not meet the increased expectations of experts. The difference between achieved results and forecasts could indicate ongoing challenges in the crypto market as well as possible operational difficulties.