Robinhood Reports Mixed Third-Quarter Results, Deutsche Bank Analyst Says
Robinhood reported third-quarter revenue of $1.42 billion, below consensus expectations. Deutsche Bank's Brian Bedell cited solid cost control but also noted negatives; the supplied body is truncated before further detail.
Robinhood's third-quarter earnings offer positives and negatives, as disappointing revenues were set against solid cost control, Deutsche Bank's Brian Bedell says. Revenues of $1.42 billion came in short of consensus expectations. However, stripping out paper losses related to the company's venture…