Robinhood Markets: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Robinhood Markets (NASDAQ:HOOD) reported its Q3 earnings, beating estimated earnings by 10.0% with an EPS of $-0.09 versus an estimate of $-0.1. Revenue was up $106.00 million from the same period last year. Last quarter, the company beat on EPS by $0.05, which was followed by a 7.23% drop in the share price the next day.
November 07, 2023 | 9:21 pm
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Robinhood's Q3 earnings beat estimates by 10.0%, with an EPS of $-0.09. However, a similar beat last quarter led to a 7.23% drop in share price.
While Robinhood's Q3 earnings beat is a positive sign, the company's history of share price drops following earnings beats could make investors cautious. This could potentially neutralize any positive impact on the share price in the short term.
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IMPORTANCE 80
RELEVANCE 100