Robinhood Markets Q2 2024 Adj EPS $0.21 Beats $0.15 Estimate, Sales $682.00M Beat $643.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Robinhood Markets (NASDAQ:HOOD) reported Q2 2024 adjusted EPS of $0.21, beating the $0.15 estimate by 40%. Sales were $682M, surpassing the $643.34M estimate by 6.01% and marking a 40.33% increase from the same period last year.
August 07, 2024 | 8:07 pm
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Robinhood Markets reported strong Q2 2024 earnings, with EPS of $0.21 beating estimates by 40% and sales of $682M exceeding expectations by 6.01%. This represents a significant 40.33% year-over-year increase in sales.
The strong earnings report, with both EPS and sales significantly beating analyst estimates, is likely to positively impact Robinhood's stock price in the short term. The substantial year-over-year sales growth further reinforces investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100