Robinhood Shares Fall 6% After Quarterly Results Miss Estimates
Robinhood reported third-quarter net revenue of $1.42 billion, up 12% year over year but below analysts’ $1.44 billion estimate. Shares fell 6% early Wednesday.
Robinhood Markets NASDAQ:HOOD shares fell 6% early Wednesday after the brokerage reported quarterly revenue and earnings below Wall Street expectations.The company generated $1.42 billion in third-quarter net revenue, up 12% from a year earlier but short of analysts' $1.44 billion estimate. Earning…