Bullish shares rise as Q2 Earnings estimates analyst estimates

Crypto exchange bullish rose 2% after the company posted the first-ever-quarterly results as a public company, with revenues that defeated the expectations of Wall Street analysts.

Bullish reports its second-quarter We are On Wednesday, with revenue coming to $ 57 million, above the Wall Street estimate of $ 55.75 million. It posted 93 cents income per part, compared to estimates of minus 6 cents, According to To Zacks.

The net exchange revenue was $ 108.3 million for the quarter ended on June 30, swinging from the loss of $ 116.4 million compared to the same quarter a year ago.

Bullish is one of the most -hyped crypto initial Public offerings This year, the debut amid a slate of crypto companies, including Stablecoin Issuer Circle Internet Group and Rivals Replace Gemini and ero.

Bullish adds to those acquired in the sun with 2% after time bump

Bullish shares (BLSH) graduated after trading hours at 2.1% to $ 55.50, which is boosted by its profit beating.

This added to those obtained by the company on the day of trading, who saw a 5.8% lifting after it announced that it Got a bitlicense From New York finance regulators, it allowed it to offer the country’s financial hub services.

Bullish lived live on the New York Stock Exchange in mid -August, and its sharing price struggled to maintain the initial high, which has been lost to more than 20% since the debut trading day closed at $ 68; However, up to 47% still from $ 37 IPO.

Crypto Sales Soar, firm provides confident Q3 Outlook

Bullish said in his report that crypto sales for the quarter rose 18% years-on year to $ 58.6 billion, while trade volume rose 35% to $ 179.6 billion.

Related: SEC has approved the standard listing criteria for faster Crypto ETF approved

“We enjoy our results for the quarter,” said Bullish CEO Tom Farley. “We are excited that the work we did in the second quarter directly contributes to the strong business momentum in the third quarter and beyond.”