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Benzinga
Benzinga
Business
Avi Kapoor

Coinbase Posts Downbeat Q2 Results, Joins Amazon, Fluor, Bloom Energy And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Dow Coinbase
The Coinbase Trade

U.S. stock futures were lower this morning, with the Dow futures falling more than 400 points on Friday.

Shares of Coinbase Global, Inc (NASDAQ:COIN) fell sharply in pre-market trading after the company reported worse-than-expected quarterly adjusted EPS and sales.

Coinbase reported second-quarter revenue of $1.5 billion, down 26% quarter-over-quarter. The revenue missed a Street consensus estimate of $1.69 billion, according to data from Benzinga Pro. Adjusted earnings per share of 12 cents missed the Street consensus estimate of $1.35.

Coinbase Global shares dipped 11.2% to $335.62 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

  • Fluor Corporation (NYSE:FLR) fell 23.1% to $43.70 in pre-market trading after the company reported second-quarter results below estimates and lowered its FY25 adjusted EPS guidance.
  • Enovix Corporation (NASDAQ:ENVX) declined 16.8% to $11.15 in pre-market trading after the company released its quarterly financial results.
  • Innodata Inc. (NASDAQ:INOD) fell 15.5% to $46.39 in pre-market trading following the release of its second-quarter financial results.
  • Bloom Energy Corporation (NYSE:BE) shares fell 15% to $31.82 in pre-market trading following the release of its quarterly financial results.
  • Eastman Chemical Company (NYSE:EMN) fell 12.6% to $63.50 in pre-market trading after the company reported worse-than-expected second-quarter financial results and issued third-quarter adjusted EPS guidance below estimates.
  • Aeva Technologies, Inc. (NASDAQ:AEVA) declined 11% to $16.60 in pre-market trading following quarterly results.
  • Columbia Sportswear Company (NASDAQ:COLM) fell 9.4% to $51.26 in pre-market trading after the company cut its FY25 revenue guidance.
  • Riot Platforms, Inc. (NASDAQ:RIOT) dipped 9.1% to $12.19 in pre-market trading following the release of its quarterly financial results.
  • EchoStar Corporation (NASDAQ:SATS) fell 8.8% to $29.70 in pre-market trading following weak quarterly results.
  • Amazon.com, Inc. (NASDAQ:AMZN) dipped 7.6% to $216.27 in pre-market trading after the company reported second-quarter financial results.

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