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U.S. stocks were lower, with the Dow Jones index falling around 400 points on Friday.
Shares of Gemini Space Station Inc (NASDAQ:GEMI) rose sharply after the company reported better-than-expected first-quarter financial results. Also, the company announced a $100 million direct investment by Winklevoss Capital Fund.
Gemini reported a loss of 93 cents per share, beating the consensus estimate of a 96 cent-loss. In addition, it reported revenue of $50.27 million, beating the consensus estimate of $49.28 million and representing a 42% year-over-year increase.
Gemini Space Station shares jumped 25.7% to $6.61 on …
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