Robinhood (HOOD) Misses Q3 EPS by 70c, Revenues Miss

Robinhood (NASDAQ: HOOD) reported Q3 EPS of ($2.06), $0.70 worse than the analyst estimate of ($1.36). Revenue for the quarter came in at $365 million versus the consensus estimate of $431.27 million.

"This quarter was about developing more products and services for our customers, including crypto wallets," said Vlad Tenev, CEO and Co-Founder of Robinhood Markets. "More than one million people have joined our crypto wallets waitlist to date. With 24/7 live phone support, we believe that Robinhood is becoming the most trusted and intuitive platform for retail and crypto investors. And looking ahead, we're committed to delivering tax-advantaged retirement accounts to help everyone invest for the long term.”

For earnings history and earnings-related data on Robinhood (HOOD) click here.

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