Robinhood Posts Quarterly Profit Miss as Costs Rise, Crypto Slumps
Robinhood said quarterly profit fell short of Wall Street expectations after expenses rose and its cryptocurrency business remained in a yearlong slump. Shares fell in after-hours trading.
By Hannah Erin LangRobinhood Markets said its quarterly profit fell, and fell short of Wall Street's expectations, after expenses rose and the brokerage's cryptocurrency business remained mired in a yearlong slump.Here are the numbers:Robinhood shares are down in after hours trading.This item is pa…