Robinhood Markets Q3 2024 GAAP EPS $0.17, Inline, Sales $637.00M Miss $650.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Robinhood Markets reported Q3 2024 earnings per share of $0.17, meeting analyst expectations, but sales of $637 million fell short of the $650.67 million estimate. Despite the sales miss, both EPS and sales showed significant year-over-year growth.
October 30, 2024 | 8:05 pm
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Robinhood Markets reported Q3 2024 earnings per share of $0.17, meeting analyst expectations, but sales of $637 million fell short of the $650.67 million estimate. Despite the sales miss, both EPS and sales showed significant year-over-year growth.
The earnings per share met expectations, which is positive, but the sales miss could weigh on the stock. However, the significant year-over-year growth in both EPS and sales may mitigate negative sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100