Circle Holdings Post-Earnings Caution

about 1 month ago

"Yeah, I guess there was a high bar for this earnings release. Circle Holdings is down near 4%. And this is a stable coin issuer that went public back in June. Uh they have the US uh the sorry their stable coin in circulation is the second biggest but they're falling after earnings even though they had a beat in revenue for the previous quarter. The shares have risen more than 200% since it went public back in June. So perhaps just a high bar given how much this stock has rallied with circle in the red down 4%."

Circle Holdings, known for its stablecoin issuance, is down about 4% post-earnings despite a revenue beat, potentially due to high expectations following a significant run-up in its share price since going public.

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