Robinhood Shares Slide 8% as Record Q3 Revenue Misses Estimates

Robinhood Markets (NASDAQ: HOOD) shares fell more than 8% to $86.78 in premarket trading Wednesday after the online brokerage reported record third-quarter revenue that missed Wall Street estimates, amid weaker cryptocurrency trading and higher operating expenses. Revenue rose 12% year over year to a record $1.42 billion for the quarter ended Sept.

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