Robinhood stock falls after earnings top forecast, company announces CFO transition

Robinhood (HOOD) stock fell 7% on Thursday after the trading platform reported earnings and revenue that topped forecasts and announced its CFO would be leaving the company in the first quarter of next year. Shares fell as much as 8% in early trading as Wall Street analysts pointed to higher than expected operating expenses, and crypto revenue though strong, missed expectations. In the third quarter, Robinhood reported earnings per share of $0.61, more than the $0.53 expected by Wall Street, according to ...