Circle (CRCL) shares jump 15% in pre-market as earnings beat estimates
CoinDesk
Circle's Q4 EPS of $0.43 significantly surpassed estimates, causing its shares to jump over 15% in pre-market trading.Summary
Circle, the issuer of the USDC stablecoin, reported fourth-quarter earnings that significantly outperformed analyst expectations, leading to a sharp rise in its stock price. The company posted an Earnings Per Share (EPS) of $0.43, substantially beating the consensus estimate of $0.16, according to FactSet data. Furthermore, Circle's earnings before interest, taxes, depreciation, and amortization (Ebitda) reached $167 million, marking a massive 412% increase compared to the same quarter last year. Following this announcement, CRCL shares traded at $71.17 in pre-market activity, reflecting a gain of nearly 16% over Tuesday's closing price.
(Source：CoinDesk)