Robinhood swings to profit from year-ago loss-December 2024-www.financetom.com

Robinhood swings to profit from year-ago loss

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Robinhood swings to profit from year-ago loss

May 8, 2024 1:23 PM

May 8 (Reuters) - Robinhood Markets ( HOOD ) reported a

profit in the first quarter compared with a loss last year,

helped by rate hikes that boosted the online brokerage's net

interest revenue.

Profit was $157 million or 18 cents per share for the three

months ended March 31, compared with a loss of $511 million or

57 cents per share a year ago, the company said on Wednesday.

Previous page： Google agrees $36 million fine for anti-competitive deals with Australia telcos Next page： Red Pine Exploration Closes Upsized $8.5 Million Brokered Offering

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Google agrees $36 million fine for anti-competitive deals with Australia telcos

Aug 17, 2025

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

Red Pine Exploration Closes Upsized $8.5 Million Brokered Offering

Jul 9, 2025

01:17 PM EDT, 07/09/2025 (MT Newswires) -- Red Pine Exploration ( RDEXF ) on Wednesday said it closed an upsized best-efforts brokered offering of listed issuer financing exemption (LIFE) securities that raised $8.5 million. The offering consisted of common, non flow-through share unitss (NFT), flow-though share units and charity flow-through share units. The proceeds from the sale of NFT units...

Sector Update: Consumer

Jul 9, 2025

01:18 PM EDT, 07/09/2025 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.2%. In corporate news, Starbucks ( SBUX ) shares rose 0.3% after Bloomberg reported the coffee chain received proposals from prospective investors eyeing a controlling stake...

Sector Update: Health Care

Jul 9, 2025

01:14 PM EDT, 07/09/2025 (MT Newswires) -- Health care stocks were lower Wednesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each easing about 0.1%. The iShares Biotechnology ETF (IBB) climbed 1.9%. In corporate news, Merck ( MRK ) agreed to acquire UK-based Verona Pharma ( VRNA ) in a deal worth...