Shares of Circle (CRCL) jumped more than 15% in pre-market trading after the stablecoin issuer’s fourth-quarter earnings per share (EPS) beat analyst forecasts.
The USDC stablecoin issuer reported EPS of $0.43, compared to the consensus estimate of $0.16, according to FactSet data.
The New York-based company also reported earnings before interest, taxes, depreciation and amortization (Ebitda) of $167 million, up about 412% from the year-ago quarter.
Shares of CRCL were trading at $71.17 premarket, just under 16% above Tuesday’s close.
