05:00 PM EDT, 05/08/2024 (MT Newswires) -- Robinhood Markets ( HOOD ) reported Q1 earnings late Wednesday of $0.18 per diluted share, compared with a loss of $0.57 a year earlier.

Analysts polled by Capital IQ expected $0.06.

Revenue for the quarter that ended March 31 was $618 million, up from $441 million a year earlier.

Analysts surveyed by Capital IQ expected $555 million.

Shares of the company traded 5.7% higher in after-hours activity.

Price: 18.83, Change: +0.98, Percent Change: +5.49