Robinhood Expects FY24 GAAP Total Operating Expenses Of $1.86B - $1.96B, Including $10M Regulatory Accrual In Q3 2024
Portfolio Pulse from Benzinga Newsdesk
Robinhood has announced its expected GAAP total operating expenses for fiscal year 2024 to be between $1.86 billion and $1.96 billion. This includes a $10 million regulatory accrual in the third quarter of 2024.
October 30, 2024 | 8:13 pm
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Robinhood's projected operating expenses for FY24 are between $1.86B and $1.96B, with a $10M regulatory accrual in Q3 2024. This could impact investor sentiment and stock price.
The announcement of high operating expenses, including a regulatory accrual, may lead to concerns about profitability and regulatory challenges, potentially affecting the stock price negatively in the short term.
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