HOOD Stock Topples After Robinhood Earnings Reveals 47% Decrease in Crypto Revenue
Robinhood Markets shares slipped about 6% in after-hours buying and selling Tuesday after the retail brokerage reported a 34% quarterly drop in cryptocurrency income, dragging total first-quarter outcomes beneath Wall Street expectations. The Menlo Park agency posted $346 million in first-quarter revenue, or $0.38 per share, narrowly lacking analyst estimates of $0.39 whilst earnings rose…
