Circle Q3 earnings beat forecasts, but shares fell 1.2% premarket

Image: The Cryptonomist
Circle’s Q3 earnings beat forecasts for adjusted profit per share and revenue, but its stock fell in premarket trading as the stablecoin issuer also disclosed job cuts. Net income from continuing operations reached $226 million in the third quarter of 2026, a 5% increase from a year earlier. In its November 4 results, Circle reported 84 cents in adjusted earnings per share , topping analysts’ expectations. Combined revenue and reserve income totaled $865 million , also above forecasts. Activity in its USDC stablecoin increased sharply: transaction volume climbed 49% to $13.9 trillion . The earnings and revenue beats did not translate into a premarket gain, with shares declining about 1.2% following the release.
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