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Add as a preferred source on GoogleeToro Shares Fall 7.3% After Third-Quarter Earnings Miss
Adjusted earnings were $0.26 per share, below a $0.32 analyst estimate, while net income fell 74% to $15 million.
eToro Group Ltd. (NASDAQ: ETOR) shares fell 7.3% in Tuesday morning trading, Nov. 10, after the trading and investing platform posted third-quarter results that missed analyst expectations. Weaker cryptocurrency activity also weighed on the results.
Adjusted earnings came in at $0.26 per share, below the $0.32 analyst estimate. Net income fell 74% year over year to $15 million.
The board-approved repurchase program of up to $250 million was also announced.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.