Most market participants tend to overcomplicate the art of investing. Sometimes, it is as simple as finding a business with a somewhat strong moat (whether brand or product), strong and growing financials, and selling at a discount.
Despite opening strong, Robinhood (NASDAQ: HOOD ) stock has dipped just slightly into the red this morning. Yesterday, after the market closed, the securities broker reported stronger-than-expected second-quarter results.
A robust improvement in cryptocurrency trading, higher rates and a rise in Gold subscribers support Robinhood's (HOOD) Q2 earnings.
On Monday (Aug. 5), the platform powering 24-7 trading for brokers like Robinhood went offline. The platform, Blue Ocean, is the infrastructure provider responsible for executing stock trades between traditional market off hours, those falling between 8 p.m.
Robinhood Markets, Inc. (HOOD) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.03 per share a year ago.
Robinhood Markets, Inc. (NASDAQ:HOOD ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Chris Koegel - VP, Corporate FP&A and IR Vlad Tenev - CEO and Co-Founder Jason Warnick - CFO Conference Call Participants Dan Dolev - Mizuho Steven Chubak - Wolfe Research Craig Siegenthaler - Bank of America Devin Ryan - Citizens JMP Patrick Moley - Piper Sandler Kyle Voigt - KBW Mike Cyprys - Morgan Stanley John Todaro - Needham & Company Chris Allen - Citi Matthew O'Neill - FT Partners Ken Worthington - JPMorgan Benjamin Budish - Barclays Operator Thank you for standing by and welcome to Robinhood Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Robinhood Markets Inc (NASDAQ:HOOD) has reported second quarter revenues and profits that exceeded Wall Street expectations, sending its shares more than 3% higher afterhours. Revenues were up 40% from the year-ago quarter to $682 million, ahead of the consensus estimate of $643.3 million.
Brokerage platform Robinhood Markets HOOD reported second-quarter financial results after the market close Wednesday.
Robinhood Markets, Inc. HOOD is set to release earnings results for its second quarter, before the opening bell on Aug. 7, 2024.
Robinhood Markets, Inc. HOOD is reporting its Q2 earnings tomorrow morning. Analysts are looking for 15 cents per share.
Robinhood Markets Inc (NASDAQ:HOOD) stock was last seen up 4.4% to trade at $17.15, as Wall Street rebounds from a steep selloff and Bitcoin (BTC) edges higher.
Wall Street expects Robinhood's revenue to hit record highs in the second quarter as retail investors flock to its commission-free app to trade so-called 'meme stocks' and cryptocurrencies.