BUZZ-Coinbase slips after posting second straight quarterly loss

Coinbase
Amazon.com, Inc.

Coinbase

COIN

0.00

Amazon.com, Inc.

AMZN

0.00

** Shares of crypto exchange Coinbase COIN.O down 3.1% at $186.98 premarket

** The cryptocurrency exchange posts its second consecutive quarterly loss as trading momentum fades

** COIN reported Q1 net loss of $1.49 per share; analysts on an average expected a profit of 27 cents per share, per LSEG data

** Amazon's AMZN.O cloud unit reported an outage at one of its data center zones in northern Virginia on Thursday; COIN said the outage affected its trading platforms

** Coinbase says all markets have been re‑enabled for trading following the outage

** As of last close, COIN stock down 14.6% YTD


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