Why Robinhood Markets Shares Are Popping Off

Robinhood Markets Inc HOOD shares are trading higher by 11.8% to $10.32 Wednesday morning after the company reported better-than-expected second-quarter EPS results.

Robinhood reported a second-quarter net revenue decline of 44% year-over-year to $318 million, missing the consensus of $321.12 million. Revenue increased 6% sequentially, with a net interest revenue increase of 35%.

The company reported an EPS loss of 34 cents, beating the consensus of a loss of 37 cents. Total operating expenses increased 22% Y/Y to $610 million... Read More

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According to data from Benzinga Pro, Robinhood Markets has a 52-week high of $85.00 and a 52-week low of $6.81.