Circle Q4 earnings beat estimates, shares jump 15% in pre-market

The issuer of the USDC stablecoin posted EPS of $0.43 in its fourth-quarter earnings report on Wednesday, beating the consensus estimate of $0.35.

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What to know:

• Circle (CRCL) shares jumped over 15% in pre-market trading after the stablecoin issuer's fourth-quarter earnings per share (EPS) beat analysts' estimates.
• The issuer of the USDC stablecoin reported EPS of $0.43 on Wednesday, compared to a consensus estimate of $0.35.
• The New York-city based firm also posted earnings before interest, taxes, depreciation and amortization of $167 million, more than 412% higher than in the year-earlier quarter.

Circle (CRCL) shares jumped over 15% in pre-market trading after the stablecoin issuer's fourth-quarter earnings per share (EPS) beat analysts' forecasts.

The issuer of the USDC stablecoin reported EPS of $0.43, compared with a consensus estimate of $0.16, according to FactSet data.

The New York-city based firm also posted earnings before interest, taxes, depreciation and amortization (Ebitda) of $167 million, a surge of some 412% from the year-earlier quarter.

CRCL shares traded at $71.17 in pre-market trading, just under 16% above Tuesday's close.

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