Robinhood Reports Second Quarter 2022 Results
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Robinhood (HOOD) Misses Q2 EPS by 2c, Offers Outlook
August 2, 2022 4:17 PM EDTRobinhood (NASDAQ: HOOD) reported Q2 EPS of ($0.34), $0.02 worse than the analyst estimate of ($0.32). Revenue for the quarter came in at $318 million versus the consensus estimate of $315.89 million.
Financial Outlook
As a result of the progress we have made on our cost reduction initiatives, including the reductions in force announced April 26, 2022 (the April 2022 Restructuring) and August 2, 2022 (the August 2022 Restructuring) we expect:GAAP total operating expenses for... More