Robinhood (HOOD) Gains on Q2 Earnings Beat as Trading Surges
HOODRobinhood(HOOD) ZACKS·2024-08-08 20:05

Shares of Robinhood (HOOD) gained 2.5% in after-hours trading in response to better-than-expected second-quarter 2024 results. Earnings per share of 21 cents handily surpassed the Zacks Consensus Estimate of 15 cents. Also, the figure compared favorably with 3 cents earned in the prior-year quarter.Results benefited substantially from the crypto-trading boom, higher net interest income and a jump in Gold subscribers. Also, the company witnessed improvement in Monthly Active Users (MAU). However, a rise in e ...