U.S. stock futures were higher this morning, with the Nasdaq 100 futures gaining around 100 points on Wednesday.
Shares of Robinhood Markets Inc (NASDAQ:HOOD) fell sharply in pre-market trading after the company reported worse-than-expected first-quarter financial results.
Robinhood reported first-quarter revenue of $1.07 billion, up 15% year-over-year. The revenue total missed a Street consensus estimate of $1.18 billion, according to data from Benzinga Pro. The company reported earnings per share of 38 cents in the quarter, missing a Street consensus estimate of 46 cents per share.
Robinhood shares dipped 10.7% to $73.30 in pre-market trading.
Here are some other stocks moving lower in pre-market trading.
- O-i Glass, Inc (NYSE:OI) fell 20.9% to $8.10 in pre-market trading after the company reported mixed first-quarter …
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