Why Robinhood Stock Is Soaring After Earnings

Robinhood Markets (HOOD) stock soared out of the gate Thursday after the online investing platform crushed top- and bottom-line expectations for its fourth quarter.In the three months ending December 31, Robinhood's revenue more than doubled year over year to $1 billion, driven by transaction-based revenue that tripled to $672 million. This included a sevenfold surge in cryptocurrencies revenue to $358 million. Its earnings per share (EPS) improved to $1.01 from 3 cents in the year-ago period."Q4 was a reco ...