Robinhood Q3 Profit Falls as Softer Crypto Activity Offsets Robust Trading
Robinhood Markets reported third-quarter profit of $476 million, or 51 cents per share, as slower cryptocurrency trading weighed on growth despite robust activity across other asset classes.
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08:13:27 PM UTC
SquawkNews
ROBINHOOD MARKETS: MARKET SHARE GAINS DROVE ACTIVE TRADER ENGAGEMENT IN Q3, WITH RECORD VOLUMES FOR
08:21:24 PM UTC
SquawkNews
Robinhood Markets NASDAQ:HOOD reported a drop in third-quarter profit on Tuesday as slower cryptocurrency trading weighed on growth, despite robust trading activity across other asset classes, sending its shares down 3.4% after the bell.Crypto markets have come under pressure this year amid heighte…
Robinhood Markets NASDAQ:HOOD reported a drop in third-quarter profit on Tuesday as slower cryptocurrency trading weighed on growth, despite robust trading activity across other asset classes.The Menlo Park, California-based company posted a profit of $476 million, or 51 cents per share, for the th…