— The stock added 4% after the brokerage reported better-than-expected revenue for the first quarter. Its first-quarter revenue came in at $441 million, versus analyst estimates of $425 million, according to Refinitiv. Robinhood also showed growth of monthly users, which hit 11.8 million.— Shares plunged 23.
8% on the back of disappointing quarterly results. The company reported an adjusted loss of 24 cents per share, while analysts polled by Refinitiv expected a loss of 18 cents per share. The home sound systems manufacturer also reduced its guidance for the second half of the 2023 fiscal year amid weakening consumer demand and channel partner inventory tightening.
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