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Robinhood climbs after reporting record earnings for first quarter - TL;DR CNBC

Robinhood climbs after reporting record earnings for first quarter

Publishing timestamp: 2024-05-08 17:21:13


Summary

Robinhood shares rose after announcing stronger-than-expected first-quarter results, with net income of $157 million and record revenue of $618 million. Cryptocurrency transactions accounted for $126 million in revenue. Despite regulatory uncertainty, the stock jumped more than 5% in after-hours trading.


Sentiment: POSITIVE

Tickers: HOOD

Keywords: breaking news: earningsbreaking news: investingrobinhood markets incinvestment strategymarketsbreaking news: marketsbusiness news

Source: https://www.cnbc.com/2024/05/08/robinhood-hood-q1-2024-earnings.html


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