Robinhood reported a 3% rise in quarterly profit, driven by growth in prediction markets and subscription services, but its shares fell about 6% in late trading after earnings missed Wall Street expectations.
Net income rose to $346 million, or 38 cents per share, from $336 million, or 37 cents, a year earlier. The result fell short of analysts’ estimate of 39 cents per share.
Total revenue increased…
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