Coinbase Global Inc. (NASDAQ:COIN) has experienced a significant surge in customer adoption and trading activity across its platforms, driven by the launch of several Bitcoin (CRYPTO: BTC) spot ETFs in the U.S.
Second Quarter and Full Year 2024 Financial Outlook Second Quarter 2024Full Year 2024Net Product Revenue$43 -45 million$183 - $190 millionRoyalty Revenue$2.5 - $3 million$30 - $33 millionLicense Revenue$0 million$1
Amgen reported quarterly earnings of $3.96 per share which beat the analyst consensus estimate of $3.87 by 2.33%. The company said EPS decreased by 1% due to higher operating and interest expenses driven by the Horizon acquisition, partially offset by higher revenues.
Fortinet reported quarterly earnings of 43 cents per share which beat the analyst consensus estimate of 38 cents by 13.16%. Quarterly sales came in at $1.35 billion, beating the analyst consensus estimate of $1.338 billion and representing a 6.97% increase over sales of $1.262 billion from the same period last year.
Hershey stock shows a strongly bullish trend, with its share price above its 5, 20, and 50-day exponential moving averages. This indicates slight buying pressure.
Cloudflare reported quarterly earnings of 16 cents per share which beat the analyst consensus estimate of 13 cents by 23.08%. Quarterly sales clocked in at $378.6 million which beat the analyst consensus estimate of $373.09 million by 1.48% and represents a 30.47% increase from the prior year's period.