Robinhood Shares Drop 5% After-Hours as Revenue Misses Expectations
Robinhood reported adjusted earnings of $0.60 a share, above FactSet consensus of $0.56, while revenue missed expectations. Trading income reached a record, according to the report.
Robinhood Markets (HOOD) share price dropped after-hours on Tuesday after the stock broking firm missed revenue expectations even as income from trading activities hit a record.The brokerage firm posted adjusted earnings of $0.60 a share, comfortably beating FactSet consensus estimates of $0.56, al…