August 03, 2023 BY Alan Sayer
Robinhood’s Q2 results: a ray of light at the end of its dark start to the year
GAAP earnings per share came in at $0.03 as opposed to the analyst forecast of an estimated $0.02 loss. Similarly, Robinhood’s reported revenue of $486m, a sequential 10% increase, was more than the $472m estimation. The company attributed this rise to higher proxy and net interest revenues, partially offset by decreased transaction-based revenues. However, the…
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