Robinhood swings to profit from year-ago loss
Robinhood Markets reported a profit in the first quarter compared with a loss last year, helped by rate hikes that boosted the online brokerage's net interest revenue.
Profit was $157 million or 18 cents per share for the three months ended March 31, compared with a loss of $511 million or 57 cents per share a year ago, the company said on Wednesday.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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