Circle Posts $226M Third Quarter Profit, Disclosing 5% Workforce Reduction
Photo: Crypto Economy
TL;DR: Circle’s Profit: Net income from continuing operations reached $226 million, up 5% year over year, while a 5% workforce cut carried a $9.1 million restructuring charge. Earnings beat: Adjusted EPS was 84 cents versus the 37-cent forecast, and revenue of $778 million beat estimates by more than 11%, with total revenue and reserve income ... Read more
Also reported by CoinCentral.
Source: Crypto Economy
