Robinhood posts smaller loss as higher rates boost margin trading business

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kellyposted a smaller-than-expected quarterly loss on Wednesday as the brokerage's margin trading business benefited from rising interest rates, while increased volatility in the markets helped its equity and options segments.

Robinhood Gold is the company's subscription service, which gives investors access to premium features. Trading in options rose 10%, while that in equities was up 7% sequentially as investors repositioned their portfolios to take advantage of rising interest rates. Stripping off one-time items, Robinhood reported a loss of 20 cents a share, narrower than 31 cents estimated by analysts, according to data from Refinitiv IBES.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Robinhood stock rises, despite a fall-off in revenue and active usersShares of Robinhood rose after hours after the company reported a narrower-than-expected loss. $HOOD reported a net loss of $175 million, or 20 cents a share, compared with $1.32 billion, or $2.06 a share, in the prior-year quarter: As I posted previously, the true measure of this company‘s performance is not net earnings. It’s EBITDA.
Source: MarketWatch - 🏆 3. / 97 Read more »

Roku stock plunges as earnings forecast disappointsRoku Inc. shares were plummeting 19% in after-hours trading Wednesday after the streaming company topped expectations with its latest results but gave a...
Source: MarketWatch - 🏆 3. / 97 Read more »

Streaming platform Roku's shares slump on dour holiday-quarter forecastShares of Roku Inc fell more than 20% in extended trading on Wednesday after the streaming platform forecast holiday-quarter revenue below Wall Street estimates as ad spending dries up.
Source: Reuters - 🏆 2. / 97 Read more »