The neobroker Robinhood was in the spotlight on Wednesday after the US stock market closed as it presented its figures for the second quarter of 2024.
Robinhood reported a profit of $0.21 per share in the second quarter, significantly exceeding analysts' expectations of $0.155 per share. In the same quarter of the previous year, the profit was only $0.030 per share, representing a remarkable increase.
The company's revenue amounted to $682 million, surpassing both the analysts' estimates of $639.9 million and the previous year's figure of $491.0 million. These numbers highlight the strong growth that Robinhood has experienced over the past year.
In after-hours trading on the NASDAQ, Robinhood stock temporarily rose by 0.53 percent, reaching a price of 17.21 US dollars.
Here is the translation to English:
"With these positive results, Robinhood underscores its successful development in the highly competitive neobroker market and confirms its strong position in the financial sector.
