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Update: Galaxy Digital Shares Fall After Q2 Swings to Adjusted Loss, Revenue Misses Consensus

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(Updates with recent stock move in headline and the first paragraph.)

Galaxy Digital (GLXY) shares were down more than 13% in Wednesday afternoon trading after the company reported a Q2 adjusted loss and posted lower-than-expected revenue for the quarter.

The company reported a Q2 adjusted loss Wednesday of $0.09 per diluted share, swinging from adjusted income of $0.08 a year earlier.

Analysts polled by FactSet expected a loss of $0.41.

Revenue for the quarter ended June 30 was $8.56 billion, down from $8.66 billion a year earlier.

Analysts polled by FactSet expected $8.92 billion.

Price: $19.18, Change: $-2.97, Percent Change: -13.39%

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