EToro Group Ltd. (NASDAQ:ETOR) shares are trading higher Tuesday. The company reported fourth-quarter financial results before the market opened.
- Etoro stock is among today’s top performers. Why is ETOR stock up today?
Fourth-Quarter Results And Buyback Increase
EToro reported adjusted earnings per share of 71 cents and revenue of approximately $3.88 billion for the fourth quarter. Shares jumped after the report was released, according to Benzinga Pro.
“Our fourth quarter results reflect the strength and resilience of our mult-asset business model,” said Meron Shani, CFO of EToro.
In the fourth quarter, net contribution totaled $227 million, …