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The issuer of the USDC stablecoin reported an EPS of $0.43 in its fourth-quarter earnings announcement on Wednesday, surpassing the consensus forecast of $0.35.
Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)
What to know:
- Circle (CRCL) shares surged over 15% in pre-market trading following the stablecoin issuer’s fourth-quarter EPS exceeding analysts’ expectations.
- The issuer of the USDC stablecoin announced an EPS of $0.43 on Wednesday, compared to a consensus estimate of $0.35.
- The New York City-based company also reported earnings before interest, taxes, depreciation, and amortization of $167 million, representing an increase of over 412% from the same quarter last year.
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Circle (CRCL) shares surged over 15% in pre-market trading following the stablecoin issuer’s fourth-quarter EPS exceeding analysts’ forecasts.
The issuer of the USDC stablecoin announced an EPS of $0.43, in contrast to a consensus estimate of $0.16, according to FactSet data.
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The New York City-based company also reported earnings before interest, taxes, depreciation, and amortization (Ebitda) of $167 million, a remarkable increase of approximately 412% from the same quarter in the previous year.
CRCL shares were priced at $71.17 in pre-market trading, just under 16% higher than Tuesday’s closing price.
