Robinhood misses on Q1 EPS and revenue estimates

Robin Hood shares 5% lower in extended trading after missing on both the top and bottom line this quarter. EPS coming in at 38 cents below the streets 43 cent estimate. Revenue coming in behind consensus at 1.07% billion versus 1.18% billion expected.Trading based revenue also weaker than expected at 623 million. That's down 20% sequentially. Options, equities, and crypto revenue all missed consensus with crypto the biggest drag down 47% year-over-year.But CFO Shiv Verma telling me the miss wasn't about wea ...

Robinhood misses on Q1 EPS and revenue estimates - Reportify