Robinhood Markets Inc. said it surpassed Wall Street expectations as a surge in cryptocurrency trading lifted revenue, according to reports on Friday. The brokerage’s shares swung from early losses to a gain of roughly 11% in afternoon New York trading. Options activity was brisk, with put and call volume estimated at about 190,000 and 372,000 contracts, respectively, underscoring heightened investor interest in the stock. Analysts noted that the platform tends to benefit when markets turn volatile, earning higher payment-for-order-flow revenue from increased trading in equities, options and digital assets.