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Robinhood earnings top forecasts as crypto revenue jumps 300%, company announces CFO transition
Robinhood (HOOD) reported Wednesday earnings and revenue that topped forecasts and announced that its CFO would be leaving the company in the first quarter of next year. In the third quarter, Robinhood reported earnings pre share of $0.61, more than the $0.53 expected by Wall Street, according to Bloomberg data. Total net revenue tallied $1.27 billion, a 100% increase from a year ago and ahead of forecasts for $1.2 billion. A jump in transaction-based revenues was fueled by cryptocurrencies revenue, which rose over 300%. Equities revenue increased 132%. "Our team’s relentless product velocity drove record ... (full story)
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