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Trading platform eToro jumped more than 20% after reporting better-than-expected fourth-quarter earnings, with revenue coming mainly from its crypto services.
The company reported on Tuesday that its Q4 net income increased 16% from a year ago to $68.7 million, with earnings per share of 71 cents, compared with analyst expectations of 60 cents.
Fourth-quarter revenue came in at $3.87 billion, down 40% from the prior-year period, with crypto revenue accounting for the bulk of earnings at $3.59 billion.
The…
https://cointelegraph.com/news/etoro-shares-pop-crypto-revenues-bolster-q4-earnings?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
