Shares of Robinhood rose about 6% in postmarket trading Wednesday after the online brokerage reported record quarterly revenue and profits that topped Wall Street expectations. The company posted net income of $157 million, or 18 cents a share, on revenue of $618 million. Analysts were expecting a profit of 6 cents per share on revenue of $553 million, according to FactSet consensus estimates. Here are some highlights: Total net revenue increased 40% year over year Net interest revenue rose 22% to $254 million Transaction-based revenue gained 59% to $329 million Equity transaction revenue jumped 44% to $39 million Crypto transaction revenue surged 232% to $126 million Options transaction revenue increased 16% to $154 million Monthly active users rose 16% to 13.7 million Assets under custody jumped 65% to $129.6 billion Net deposits were $11.2 billion, a quarterly record The company earlier this week disclosed that it received a notice from the Securities and Exchange Commission saying the agency is preparing to recommend an enforcement action against its crypto unit over alleged violations of securities laws. Robinhood said it was disappointed by the notice and was prepared to contest the matter if necessary. Robinhood’s stock is up about 40% this year as of Wednesday’s close.
My journey with HOOD. I (many times) make the right move...I just bail too early!! https://www.elitetrader.com/et/thre...barrassed-to-post-here-yesterday-hood.371001/
Robinhood Stock Jumps After Company Reports Record Revenue and Profit ----> Robinhood Stock JumpED way before Company Reports Record Revenue and Profit It jumped a few weeks ago.
%% Good jump\ good past jump from $35 past $77.777\ good jump from $17.777 to almost, but not quite $17.999. Good WAY interest income reminder$ , with HOOD.
The writer and OP must have been sleeping for weeks. $12 resistance line was broken a few weeks ago. It has been on the uptrend since then.