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Robinhood puts up a surprise profit, but monthly active users — and shares — fall

Por: MarketWatch Business August 02, 2023

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The online trading company reported second-quarter net income of $25 million, or 3 cents a share, contrasting with a loss of $295 million, or 34 cents a share, in the same quarter last year. Revenue rose to $486 million, compared with $318 million in the prior-year quarter. Analysts polled by FactSet expected Robinhood to report an adjusted loss of 1 cent a share, on revenue of $473 million. Robinhood also reported a drop from the prior quarter... + full article



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