Update: EToro Shares Fall After Q2 Adjusted Net Income, Revenue Rise

MT Newswires Live08-12

(Updates with the latest stock move in the first paragraph and headline.)

EToro (ETOR) shares were down nearly 6% in recent Tuesday trading after the company reported improved Q2 results.

The trading and investment platform reported Q2 adjusted net income of $0.56 per diluted share, up from $0.51 a year earlier.

Analysts polled by FactSet expected $0.50.

Revenue for the quarter ended June 30 was $2.09 billion, up from $1.85 billion a year earlier.

Analyst estimates weren't available for comparison.

Price: 52.07, Change: -3.24, Percent Change: -5.85

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