Why Robinhood Stock Crashed After Earnings
Robinhood (NASDAQ: HOOD) stock tumbled 12.5% through 10:30 a.m. ET Wednesday after reporting mixed results for Q4 earnings last night.
Heading into the report, analysts forecast the online brokerage would earn $0.64 per share on more than $1.3 billion in sales. Robinhood beat the earnings forecast with a per-share profit of $0.66, but missed on sales, reporting just under $1.3 billion.
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Source Fool.com
