Circle shares climb after quarterly profit beats estimates
05/08/2026 11:42
BUZZ-Circle shares climb after quarterly profit beats estimates ** Shares of stablecoin giant Circle CRCL.N rise 9% to $69.18 in premarket trading
** Co posts Q2 net income of 18 cents per share attributable to common shareholders, above analysts' estimates of 17 cents per share - data compiled by LSEG
** CRCL's revenue and reserve income rose 7% to $701.3 million in the quarter
** USDC circulation rose 19% in the second quarter to $73.3 billion
** 15 of 31 analysts rate stock "strong buy" or "buy", 14 "hold" and two "sell" or "strong sell"; their median PT is $107.21 - data compiled by LSEG
** As of last close, stock down 20% YTD
(Reporting by Pragyan Kalita in Bengaluru)