Why Robinhood Stock Hit the Bullseye Today

Robinhood Markets (HOOD 10.30%) stock soared 12.5% through 11 a.m. ET Thursday after crushing its Q4 earnings report last night.Analysts thought the online brokerage app would earn $0.52 per share in its fourth quarter of fiscal 2024, but Robinhood nearly doubled that number at $1.01 per share. Sales were expected to land at $951.8 million, but the company reported more than $1 billion in sales, more than a 100% increase. Robinhood Q4 earningsRobinhood sales grew 115% year over year in Q4, with gains from i ...