Robinhood Posts Record Results on Robust Cryptocurrency Trading
Robinhood(HOOD) Investopedia·2024-05-09 14:45Key TakeawaysRobinhood posted record profit and sales on booming demand for cryptocurrency trading.The online brokerage also benefited from the soaring price of gold.Net deposits were at an all-time high as well. Shares of Robinhood Markets (HOOD) rose in intraday trading Thursday as the online brokerage posted record profits and sales on soaring cryptocurrency trading. Robinhood reported first-quarter earnings per share (EPS) of $0.18, three times analysts’ estimates compiled by Visible Alpha. Revenue jump ...