From Nasdaq, Inc.:

Online brokerage Robinhood Markets saw its shares jump 17.4% after reporting fourth-quarter 2023 financial results. Revenue increased by 24% in the quarter, reaching $471 million. It also reported net income of $30 million, compared to a loss of $166 million a year ago. Analysts had expected revenue of $457 million and a loss of $0.01 per share, so this news easily surpassed estimates. Management expects operating expenses to fall from $2.4 billion to between $1.85 billion and $1.95 billion in 2024. However, with total operating expenses in 2023 still exceeding total revenue, this may give investors pause.

The Motley Fool Stock Advisor analyst team does not consider Robinhood Markets a top stock for investors to buy right now. They have identified 10 stocks, none of which are Robinhood Markets. The Motley Fool Stock Advisor service has significantly outperformed the S&P 500 since 2002. Travis Hoium has no position in any of the mentioned stocks, and the Motley Fool has no position in them as well.



Read more: Why Robinhood Stock Jumped 13% Today