Robinhood doubles revenue as it beats third-quarter earnings expectations

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Robinhood

beat Wall Street expectations for the third quarter on Wednesday, extending a hot streak that has made it one of the biggest large-cap U.S. tech stocks this year.

Here is how Robinhood’s results compared to Wall Street estimates, according to analysts surveyed by LSEG:

Revenue doubled year-over-year, while net income climbed to $556 million, or 61 cents per share, up significantly from the same quarter last year, when the company posted net income of $150 million, or 17 cents per share.