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Circle stock plunges as concerns over falling interest rates overshadow strong revenue, earnings growth
Yahoo Finance·2025-11-13 01:44

Circle (CRCL) stock dropped as much as 10% Wednesday as investor concerns over falling interest rates outweighed the company's strong earnings and revenue growth, fueled by rising market share for its stablecoin issuance. Circle reported roughly 740millionintotalrevenueandreserveincomeinitsthirdquarter,up66740 million in total revenue and reserve income in its third quarter, up 66% year over year, surpassing Wall Street estimates of 707.3 million. As the second-largest stablecoin issuer, Circle posted adjusted earnings of $0.64 per share, well above analysts' exp ...