Robinhood Shares Fall for Second Day Ahead of Oct. 27 Results

Robinhood shares fell for a second straight session Friday ahead of its Oct. 27 earnings report; its latest results showed crypto revenue down 38% to $100 million year over year. HOOD closed at $96.58 Thursday, Oct. 22, down 5.25% from Wednesday’s $101.93 close. The shares fell another 1.56% Friday, ending at $95.07 at 4 p.m. EDT (20:00 UTC). Thursday’s decline came on the same day Robinhood announced its Dubai expansion. Crypto revenue fell 38% from a year earlier to $100 million in the quarter ended June 30.