Circle (CRCL) shares jumped over 15% in pre-market trading after the stablecoin issuer’s earnings per share share (EPS) in the fourth quarter beat analysts’ forecasts.
The USDC stablecoin issuer reported EPS of $0.43, compared to a consensus estimate of $0.16, according to FactSet data.
The New York-based company also posted earnings before interest, taxes, depreciation and amortization (Ebitda) of $167 million, up about 412% from the previous quarter.
CRCL shares traded at $71.17 in premarket trading, down just 16% from Tuesday’s close.
