Robinhood climbs after reporting record earnings for first quarter
HOODRobinhood(HOOD) CNBC·2024-05-09 04:09

Shares of Robinhood rose in extended trading Thursday afternoon after the retail brokerage announced stronger- than-expected first-quarter results. Robinhood reported 18 cents in earnings per share on 618millionofrevenue.AnalystssurveyedbyLSEGwereexpectingthecompanytoearnjust6centspershareon618 million of revenue. Analysts surveyed by LSEG were expecting the company to earn just 6 cents per share on 549 million in revenue. The company said the earnings and revenue numbers were both records for the firm. The stock jumped more than 4% in after hours trading. Robinhood surged in popularity during ...