Robinhood Sees FY23 Expenses $2.399B-$2.439B Vs $2.33B-$2.41B Prior
Portfolio Pulse from Benzinga Newsdesk
Robinhood has updated its financial outlook for FY23, expecting GAAP total operating expenses to be between $2.399 billion and $2.439 billion, up from the previous estimate of $2.33 billion to $2.41 billion. Adjusted operating expenses are expected to be between $1.435 billion and $1.455 billion, a slight improvement from the previous estimate. SBC for FY23 is expected to be between $860 million and $880 million, an improvement from the previous outlook.
November 07, 2023 | 9:10 pm
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NEGATIVE IMPACT
Robinhood's revised financial outlook for FY23 indicates higher operating expenses but improved adjusted operating expenses and SBC. This could impact investor sentiment and the company's stock performance.
The revised financial outlook shows that Robinhood is expecting higher operating expenses for FY23, which could negatively impact profitability and investor sentiment. However, the company also expects improvements in adjusted operating expenses and SBC, which could offset some of the negative impact. The news is highly relevant and important for investors in Robinhood, and there is high confidence in the analysis based on the detailed financial outlook provided by the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100