Search results for "HOOD"
2026-04-16
10:12

HOOD drops 17% in two days, down 37% year-to-date: Can Robinhood rebound 68% amid crypto business drag?

On February 13, news reports indicate that Robinhood Markets experienced a double blow this week from weak earnings and declining crypto sentiment. The stock price fell nearly 17% within two trading days after releasing its Q4 earnings on February 10, with a year-to-date decline of 37%. The earnings report showed a earnings per share of $0.66, slightly above expectations, but revenue of $1.28 billion fell short of Wall Street estimates, primarily due to a sharp drop in cryptocurrency trading income. Data shows that cryptocurrency-related revenue for the quarter plummeted 38% year-over-year to $221 million, with trading activity significantly weakening. Market concerns suggest that this business is unlikely to recover in the short term, becoming a key factor putting pressure on the stock price.
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