Commission-free brokerage Robinhood Markets Inc. on Thursday posted a $423 million net loss in the latest quarter, and its shares tumbled as much as 15 percent in after-hours trade even as revenue edged past analysts’ estimates.
Robinhood reported a net loss of $423 million or $0.49 per share in the three months ended December. A year earlier, which was before its IPO, the company posted net income of $7 million or $0.01 per share.
