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Story summary
- Robinhood's shares fell 6.3% after the fourth-quarter revenue miss, while earnings per share declined 35% to 66 cents, beating the 63-cent consensus.
- Fourth-quarter revenue totaled $1.28 billion, vs $1.34 billion expected, largely due to a downturn in cryptocurrency trading that generated $221 million versus $248 million projected.
- Transaction-based revenue rose 15% to $776 million, driven by a 54% increase in equities revenue.
