Robinhood Reports Disappointing Q1 Earnings, Shares Drop
Robinhood's shares fell 7% in after-hours trading following a disappointing Q1 earnings report. The company reported revenue of $1.07B and EPS of $0.38, both below analyst expectations. While traditional revenue segments like options and equities saw growth, crypto revenue and trading volumes declined significantly.
Tickers: $HOOD
Topics: Crypto Earnings Retail Trading Revenue Stock Price Movement