Robinhood Q2 Earnings Beat Expectations as Crypto Volumes Climb and Bitstamp Deal Pays Off
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Description
Robinhood (HOOD) on Wednesday reported a 98% year-over-year jump in second-quarter crypto trading revenue, while easily beating Wall Street's earnings estimates as the company’s crypto ambitions and international expansion began to take shape. The popular trading platform posted net revenue of $160 million for crypto, up from $81 million in the same period last year. Adjusted earnings per share (EPS) came in at $0.42, topping the consensus estimate of $0.31 and doubling from a year ago. Overall ...
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