Robinhood reported strong Q2 results beating analyst expectations with $0.62 EPS (vs. $0.43 expected) and $1.31B revenue (vs. $1.28B expected), along with lowered operating expense guidance. Despite the solid performance, the stock declined following the earnings announcement. The article argues long-term investors should remain confident given strong growth momentum across transaction revenue, net deposits, and platform assets, though the stock trades at 35x forward earnings.
Axe note: Robinhood posted impressive results but its shares slipped; here’s why long-term investors might want to stay put.