Advertisement

Robinhood Shares Jump on Earnings Beat, Surge in Net New Deposits

Robinhood Shares Jump on Earnings Beat, Surge in Net New Deposits

Robinhood Markets’ efforts to broaden its product lineup may be paying off as the company reported record first-quarter revenue and a surge in new assets. On Wednesday, the brokerage firm reported first-quarter earnings per share of 18 cents on record revenue of $618 million, beating Wall Street estimates. Analysts had expected the company to report earnings per share of six cents on revenue of $553 million.