Circle (CRCL) Stock Trims Staff 5% Right After a Quarter That Beat Estimates

TLDR Circle (CRCL) stock closed Tuesday at $75.22 and traded near $74.33 pre-market Wednesday. Adjusted EPS was 84 cents, versus the 37 cents analysts expected. Total revenue and reserve income rose 17% to $865 million. $182 million of revenue came from the ARC token presale, while reserve income fell 8%. Circle cut about 5% of its workforce and kept its 2026 guidance. Circle (CRCL) stock closed Tuesday at $75.22, up 4%. It traded about 1% lower at $74.33 in pre-market on Wednesday as the company posted third-quarter results.

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Source: CoinCentral