Crypto News 

Coinbase 2017 Revenue Topped $1B: Recode

“Coinbase, which makes money from trading volumes, expected to generate just $600 million in annual sales at the end of September” writes Daniel Liberto for investopedia.com. Coinbase, one of the world’s largest cryptocurrency exchanges, brought in a fortune last year thanks to the exploding popularity of digital coins. Source: investopedia.com Share This:

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Verizon’s subscriber surge pushes quarterly revenue past estimates

“The company added 431,000 phone subscribers who pay a monthly bill on a net basis” reports nypost.com. The company expects full-year revenue for 2018 to grow at a low single-digit percentage rate and service revenue growth to turn positive around the end of the year or early in 2019.According to Thomson Reuters I/B/E/S, analysts expected adjusted earnings per share of 88 cents on revenue of $33.26 billion.Verizon Communications on Tuesday reported quarterly revenue that exceeded analyst estimates as it added phone subscribers, and the company’s chief executive said it was…

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Crypto News 

Coinbase to the Moon with Revenue over $1Billion in 2017

“Love it or hate it crypto exchange Coinbase is raking it in” writes Southeast Asia Based for newsbtc.com. Its bumper revenue suggests it is the most used broker for Bitcoin and crypto exchanges.The company offers fiat to crypto exchanges in 32 countries across the globe and has over 13 million registered users.Silicon Valley tech news website Recode has revealed that the six year old company earned in excess of a billion dollars in revenue in 2017.Known for some of the highest fees in the industry the company made over a…

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Crypto News Stocks 

Coinbase Reportedly Tops $1B In Revenue

“While many companies are clamoring for investors, Coinbase is having the opposite problem: It has so many people lining up to invest, it is actually turning them away” reports pymnts.com. Recode reported that the world’s largest bitcoin trading broker made $1 billion in revenue last year, boosted by the fever pitch over bitcoin and other virtual currencies that users can buy and sell through the Coinbase app.Last May, Coinbase announced it suffered outages when the bitcoin exchange saw “unprecedented traffic and trading,” as the digital currency hit record levels.Coinbase was only…

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Johnson & Johnson loses $10.7B after sweeping US tax changes

“Johnson & Johnson posted a rare quarterly loss, a whopping $10.71 billion, due to a $13.6 billion charge related to last month’s U.S. tax overhaul” reports foxbusiness.com. Johnson & Johnson said it expects full-year earnings of $8 to $8.20 per share and revenue of $80.6 billion to $81.4 billion.For all of 2017, J&J reported revenue of $76.45 billion and net income of just $1.3 billion, due to the tax charge. Source: foxbusiness.com Share This:

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J&J results top estimates, takes $13.6B tax charge

“Shares of J&J, which also forecast higher-than-expected profit and revenue for 2018, were up 1.3 percent in premarket trading” reports foxbusiness.com. The company recorded a huge headline quarterly loss due to a $13.6 billion charge related to taxes paid for a one-time repatriation of accumulated foreign earnings, following the recent U.S. tax overhaul. Analysts on average were expecting a profit of $7.87 per share and revenue of $80.7 billion.(Reuters) – Johnson & Johnson (JNJ) reported adjusted quarterly profit and revenue slightly above analysts’ expectations on Tuesday, as the healthcare company…

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Verizon’s profits jump after getting a boost from tax cuts

“Excluding items such as the impact of the tax law, earnings per share were 86 cents” writes Anjali Athavaley for businessinsider.com. Verizon estimated that the impact of the law to earnings per share for the year ended Dec. 31 was about $4.10. It also expects low single-digit percentage growth in adjusted earnings per share, excluding the impact of tax reform and a new accounting standard it has adopted.NEW YORK (Reuters) – Verizon Communications Inc on Tuesday reported a jump in quarterly profit, helped by tax reform and the addition of phone subscribers.According to…

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How Square’s CFO exercises financial discipline to grow the $16.5 billion public company by 40% each quarter

“A private company recently asked my advice on the background for a good CFO, and I said, try to find someone who’s experienced chaos” writes Shona Ghosh for businessinsider.com. That’s where if the CFO is hyper popular in your company, you probably have the wrong CFO. You work to be respected, not liked. Source: businessinsider.com Share This:

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News Stocks 

AMD, Nvidia stocks rise after Morgan Stanley says Ethereum rally will help results

“AMD shares are up 31% over the past 12 months, while Nvidia shares have gained 125%” writes Emily Bary for marketwatch.com. He initially expected that mining revenue would “decelerate meaningfully” beginning in the fourth quarter, but he’s more optimistic now given higher Ethereum prices.NVDA, +2.06% are up 2.4% and 1.5%, respectively, in Tuesday morning trading after Morgan Stanley analyst Joseph Moore penned an upbeat note about their cryptocurrency mining businesses.Analysts at Susquehanna Financial Group also talked up the two firms’ crypto businesses in a note last week. Source: marketwatch.com Share This:

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Brokers Crypto News Stocks 

Bitcoin broker Coinbase booked $1 billion in revenue last year — so the company has told hovering VCs to back off

“And so Coinbase’s $1 billion in revenue suggests it has become the most-used broker for bitcoin transactions” writes Theodore Schleifer for cnbc.com. The company serves as both an exchange and a broker of deals, though it does not serve as a market maker that holds bitcoin.Coinbase, the bitcoin trading broker that has exploded in popularity as cryptocurrencies surge and nose dive, has encountered an unusual problem for a Silicon Valley startup: Too many investors are trying to get in.The company’s valuation has likely at least doubled since its last valuation…

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