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Maroc Maroc - WN.COM - Business - 12/Nov 14:45

Circle stock declines despite beating Q3 estimates

Shares of Circle Internet Group, Inc. (NYSE: CRCL) fell on Wednesday despite the issuer of the USDC stablecoin reporting quarterly earnings that topped Wall Street expectations. The company’s third-quarter fiscal 2025 results reflected a sharp rise in revenue and profit, driven by continued adoption of its USD-pegged cryptocurrency, USDC. Circle reported adjusted earnings of $0.64 per share, significantly exceeding analyst projections of $0.18 to $0.22 per share. The company’s net income from continuing operations reached $214.4...

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