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Robinhood Markets, Inc. reported a strong financial performance for the second quarter of 2024, with revenues reaching $682 million, marking a significant increase driven by a 69% year-over-year rise in transaction-based revenues, particularly from options trading. The company also reported a 57% increase in assets under custody year-over-year and a 652% profit boost. Despite this positive performance, Robinhood's stock remained flat after the earnings announcement. Cathie Wood's ARK Invest purchased 341,432 shares of Robinhood, highlighting confidence in the company's growth potential. Additionally, Robinhood CEO Vlad Tenev noted strong trading volumes in August, with customers actively buying market dips.
Upcoming earnings for the week of August 12th, powered by FactSet #StreetAccount data. Get access to all the earnings recaps on #StreetAccount: https://t.co/iwkbxfsbd2 $HD $WMT $CSCO $BABA $AMAT $DE $TPR $CAH $EAT $JD $COHR $LITE $SE $ONON $MNDY $FLO $STNE $TME $GLBE $ARAY… https://t.co/Erbt4YhlWj
#earnings for the week of August 12, 2024 https://t.co/hLn2sKQhEY $BABA $GOLD $AMAT $WMT $NU $CSCO $JD $WULF $ONON $MLCO $ASTS $MNDY $SE $HD $DE $HUT $EAT $ESPR $SURG $COHR $DLO $NICE $RAIL $PSFE $OUST $BEKE $CAH $BLDP $AGRO $AMMCR $ARQ $ARQT $GRAB $GROY $MNMD $LUNR $ORLA $SGML… https://t.co/3QNuttyHH4
🇺🇸US pre-market movers🇺🇸 ES -0.2% NQ -0.4% RTY +0.1% $EXPE +10.5%: EPS & rev. beat $PARA +4%: EPS beat & plans to cut US workforce by ~15% to save $500mln; sees Skydance deal closing in H1 '25 $TTWO +6.5%: Rev. beat & sees strong growth ahead $GILD +0.5%: EPS, rev. beat &…