US Stock Market News | Coinbase Surges Over 13% as it Achieves Quarterly Profit for the First Time in Two Years
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Coinbase's stock price rose more than 13%, reaching $187.56, achieving quarterly profitability for the first time in two years. The financial report data shows that Coinbase achieved a net profit of $273 million in the fourth quarter, with earnings per share of $1.04, turning losses into profits. The company's revenue increased from $629 million to $954 million, exceeding analysts' expectations. Other cryptocurrency-related stocks also saw a general rise.
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