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via finance.yahoo.comMarkets

Robinhood sinks 8% after earnings miss as crypto revenue falls 55%

FROM THE WIRE · FINANCE.YAHOO.COM

Scott Melker breaks down Robinhood's (HOOD) third-quarter earnings after the trading platform missed profit expectations, sending shares down 8%. Despite the sell-off, Melker highlights a key detail investors may be overlooking: Robinhood's crypto revenue continued to climb even…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA profit miss at a widely followed trading platform weighs on the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Robinhood missed profit expectations in the third quarter.
  2. 02Shares fell 8% after the release.
  3. 03Crypto revenue fell 55% year on year while new businesses gained.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Robinhood Markets, Inc.HOODStock90.66 USD-0.18%today -4.13%Negative BitcoinBTCUSDCrypto80,838.02 USD+0.54%today +0.04%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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