Crypto Stocks Face a Big Test as Earnings Begin

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Block, Circle and Riot Platforms will report third-quarter results on November 3 and 4, giving investors a closer look at how cryptocurrency businesses performed between July and September. Block, which operates Cash App, Square and Bitcoin-related products, is expected to generate approximately $6.63 billion in revenue and $1.02 per share in earnings. Circle, the issuer of USDC, is forecast to report about $797 million in revenue, although lower interest rates are reducing the yield on its reserves. Bitcoin miner Riot Platforms expects quarterly revenue of approximately $161.46 million and a loss of $0.24 per share as profitability remains under pressure.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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