A Dash Of Earnings With $HOOD
It’s another busy day of earnings, but we’re keeping this one light by focusing on DoorDash and Robinhood. Let’s see how these retail favorites performed. 👀
Starting with Robinhood, which reported its first GAAP profitable quarter. The retail brokerage posted $0.03 of earnings per share on $486 million in revenues. Analysts had expected a $0.01 per share loss on $473 million in revenue. With that said, the primary driver of the surprise profit was a $484 million decline in operating expenses due to the cancellation of its founders’ stock-based compensation.