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: earnings, breaking news: investing, robinhood markets inc, investment strategy, markets, breaking news: markets, business news,
Source: https://www.cnbc.com/2024/05/08/robinhood-hood-q1-2024-earnings.html