Shares of Robinhood were lower Wednesday after the retail brokerage reported a drop in trading volumes in the last quarter.
fell Wednesday after the retail brokerage reported a drop in trading volumes in the last quarter and said it's looking to expand growth in Europe.
Although third-quarter revenue rose 29% to $467 million, it fell short of the $480 million analysts were predicting. Its net loss narrowed to $85 million, or 9 cents a share, and topped Wall Street's expectations.
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