Why Circle Internet Stock Jumped 19% Monday Afternoon
Source: Motley Fool
2026-05-11 16:19:41 ET
Circle Internet Group (NYSE: CRCL) reported earnings early Monday morning, sending the stablecoin issuer's stock sharply higher. The gains peaked at 19.4% around 2:40 p.m. ET, and the stock was still up by a hefty 15% just before the closing bell.
Image source: The Motley Fool.
The USD Coin (CRYPTO: USDC) issuer's Q1 2026 report wasn't a clean sweep. $0.21 of diluted earnings per share exceeded Wall Street's consensus target at $0.18 per share, but $694 million in revenues fell short of analysts' $715 million estimate.
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