Robinhood stock falls on earnings miss, weak forecast
Yahoo Finance's Julie Hyman and Brian Sozzi discuss Robinhood's disappointing earnings.
Video Transcript
JULIE HYMAN: And let's talk about, before we go to break-- we'll talk more about Apple later in the show-- but before we go to break, we got to talk about Robinhood also, because that is the big disappointment here this morning, just on a number of different fronts. The net loss was worse than estimated, monthly active users down 8% quarter-over-quarter, average revenue per user down 39%, operating expenses in the first quarter up 162%. The one silver lining, perhaps, as I look through some of the commentary this morning, is that analysts saying maybe this is the worst it's going to get and things will get better from here. But we are going to dig much more into this coming up later in the show.
