Crypto exchange Bullish rises on second-quarter earnings beat

Bullish posted $57 million in revenue in the second quarter, beating analyst estimates and giving its share price a lift after-hours to extend its gains on the day.

Crypto exchange Bullish rose 2% after the company posted its first-ever quarterly results as a public company, with earnings beating Wall Street analysts’ expectations.

Bullish reported its second-quarter earnings on Wednesday, with revenue coming in at $57 million, above Wall Street estimates of $55.75 million. It posted 93 cent earnings per share, compared to estimates of minus 6 cents, according to Zacks.

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

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