Commission-free brokerage Robinhood Markets Inc posted a $423 million net loss in the latest quarter. The company’s shares tumbled as much as 15% in after-hours trade even as revenue edged past analysts’ estimates.
Highlights
- Commission-free brokerage Robinhood Markets Inc posted a $423 million net loss in the latest quarter.
- The company’s shares tumbled as much as 15% in after-hours trade even as revenue edged past analysts’ estimates.
- The share price at its IPO in July last year was $38, and its record high in August was $85.
- Robinhood, in its third set of results as a public company, posted total revenue of $363 million for the fourth quarter ended Dec. 31, compared to $318 million a year earlier.
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