Cryptocurrency platform Bullish's second-quarter profit exceeded Wall Street expectations

Digital asset trading platform Bullish reported second-quarter earnings on Wednesday, beating analysts' average earnings per share expectations and forecasting an increase in adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) for the next quarter. According to FactSet, the platform's second-quarter earnings per share (EPS) were $0.93, beating the average analyst estimate by $0.03. Bullish also reported adjusted revenue of $57 million for the second quarter, compared to an expected $60.7 million. Bullish CEO Tom Farley stated that the company saw "strong business momentum" in the third quarter. The company's trading volume surged to $179.6 billion, up from $133 billion in the same period last year. For the next quarter, Bullish expects trading volume to be between $133 billion and $142 billion. The statement also stated that Bullish expects adjusted Ebitda to be between $25 million and $28 million in the third quarter, compared to $8.1 million in the second quarter. The report is the company’s first quarterly report since it went public on the New York Stock Exchange (NYSE) in August. (CoinDesk)