Wall Street was expecting a loss of 45 cents per share for Robinhood in the fourth quarter, according to Refinitiv. Analysts predict revenue of $362.1 million.
Source: The NasdaqShares of Robinhood tanked 9% in after hours trading.
For the fourth quarter, Robinhood reported 49 cents per diluted share, wider than the 45 cent loss estimate collected by Refinitiv. However, Robinhood posted $363 million in revenue in the final three months of 2021, slight above analysts expectations of $362.1 million. Robinhood is about to face its toughest comps in the first and second quarters of 2022 following its record year in 2021 from events like the GameStop short squeeze.. Shares are down more than 34% in January, bringing its market capitalization to less than $10 billion.Some of Robinhood's stock weakness came after its last earnings report when lighter cryptocurrency trading caused a big revenue miss.
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