Circle’s Q4 Earnings Surge Boosts CRCL Shares by Over 15%
- Circle reported fourth-quarter earnings per share (EPS) of $0.43, exceeding the consensus estimate of $0.16.
- The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $167 million, a year-over-year increase of approximately 412%.
- In pre-market trading, CRCL shares were priced at $71.17, marking a rise of nearly 16% from the previous day’s close.
The significant increase in EPS and EBITDA highlights Circle’s robust financial performance as a stablecoin issuer for USDC. This strong showing in earnings has positively impacted investor sentiment towards the company’s stock.
With an EPS that surpassed expectations by over $0.27 and an impressive EBITDA growth, Circle’s financial results have driven CRCL shares up by more than 15%. (Source)
