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Robinhood earnings top forecasts as crypto revenue jumps 300%, company announces CFO transition

Robinhood (HOOD) stock was set to open higher on Thursday after the trading platform reported earnings and revenue that topped forecasts, while also announcing its CFO would be leaving the company in the first quarter of next year. In the third quarter, Robinhood reported earnings per share of 0.61,morethanthe0.61, more than the 0.53 expected by Wall Street, according to Bloomberg data. Total net revenue tallied 1.27billion,a1001.27 billion, a 100% increase from a year ago and ahead of forecasts for 1.2 billion. A jump in transacti ...