Robinhood Stock Today, Nov 6: Earnings Beat Estimates as Crypto Revenue Soars 300%

Robinhood (HOOD) reported a strong third quarter, beating Wall Street on both revenue and earnings. Total revenue came in at $1.27 billion, above expectations. Transaction based revenue surged, led by a dramatic rise in cryptocurrency trading. Crypto revenue jumped roughly 300 percent to about $268 million, a major lift for the quarter. Earnings per share were $0.61, beating consensus.