Robinhood tops Q2 earnings estimates, misses user forecasts

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Julie Hyman News

Robinhood,Josh Lipton,Adjusted Earnings

Trading platform Robinhood (HOOD) revealed second quarter results — revenue of $682 billion and adjusted earnings of $0.15 per share — that topped estimates,...

) revealed second quarter results — revenue of $682 billion and adjusted earnings of $0.15 per share — that topped estimates, while falling short of Wall Street forecasts for user growth.Second quarter numbers just crossing the wire down the stairs, down 1.4% in reaction off of the gate out of the gate here, a revenue coming in ahead of estimates here at $682 million 641.5 million dollars is what had been estimated.

And Robin Hood Gold, which is one of their newer products, said it reached, uh, they said it reached 2 million subscribers, so they're focusing on that kind of growth.um, you know, they've expanded into retirement accounts and credit cards and crypto, you know, still in focus.The shares initially were down, although they're coming off the lows here.Uh, those were Robin Hood said there would be no 24 hour trading due to an issue at a third party venue, which was interesting.

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