Microsoft and Meta topped views late, though their stocks diverged. Robinhood and two bitcoin plays sold off.

In its third quarter earnings, trading platform Robinhood Markets (HOOD) fell short of revenue estimates ($637 million vs. the $663.5 million that was expected) while posting adjusted earnings of $0.17 per share, just one cent shy of estimates of $0.18. Citizens JMP Director of Financial Technology Research Devin Ryan joins Julie Hyman and Josh Lipton on Market Domination Overtime to weigh in on the company's results. Robinhood shares have fallen by over 10% in extended hours. "The bigger picture here is their assets, customer assets are up about 50% from the beginning of the year. So when you zoom out, we feel really good about the direction of the company," Ryan says on Robinhood's earnings print. "The September metrics were a little bit soft and we expected it. And that's what happened." Ahead of the 2024 election, Robinhood rolled out a new election betting market feature for retail traders. "That resonates with a small sliver of potential investors. But if it resonates with some, they want to provide access to it. And so that's when I think about what Robinhood is building," Ryan tells Yahoo Finance. "They're providing access to all things in financial markets on the trading side. And then over time, evolving the platform to be able to really help customers with a lot more of their financial service needs." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.

Financial services company Robinhood (NASDAQ:HOOD) fell short of the market’s revenue expectations in Q3 CY2024, but sales rose 36.4% year on year to $637 million. Its GAAP profit of $0.17 per share was also 3.4% below analysts’ consensus estimates.

Robinhood on Wednesday reported third-quarter revenue and profits that missed Wall Street expectations, sending shares down about 9% in afterhours trading. The online brokerage posted net income of $150 million, or 17 cents a share, on revenue of $637 million for the third quarter.

Chief Financial Officer Jason Warnick said on a media call that the difference between Street expectations and Robinhood's earnings were due to analyst models not factoring in "contra revenue" on the brokerage's match promotions. The company's net revenue was reduced by $27 million in the third quarter due to the 1%-3% matches it pays to customers to incentivize them to shift their assets on to the brokerage from other platforms. Meanwhile, the online commission-free brokerage saw a surge in trading volumes as heightened market activity and volatility sent mom-and-pop investors into the retail trading platform.

eBay (EBAY) shares are declining in Wednesday's after-hours trading despite beating both revenue and earnings expectations for the third quarter. The sell-off is driven by disappointing guidance as the company's fourth quarter and fiscal year revenue forecasts fell short of Wall Street expectations. Meanwhile, Carvana (CVNA) is seeing its stock surge following impressive third quarter results. The online auto retailer topped analyst estimates on revenue and earnings, reporting a 32% year-over-year revenue increase to $3.66 billion. Twilio (TWLO) shares are also climbing after the company delivered strong third quarter performance. Investors responded positively to the communication platform's upbeat fourth quarter forecast and raised full-year revenue guidance. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith

EBay stock tumbled late Wednesday on a weaker-than-expected Q4 holiday sales forecast. Earnings for Q3 topped views.

(Bloomberg) -- EBay Inc. dropped in extended trading after projecting holiday season sales that fell short of analysts’ estimates, suggesting the e-commerce company continues to struggle against larger rivals.Most Read from BloombergNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkIs Denver’s Big Bet on E-Bikes Paying Off?There Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking DistrictChicago Mayor Seeks Property Tax Hike, Breaking Campaign VowA South Korean City Plays

Online marketplace eBay (NASDAQ:EBAY) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 3% year on year to $2.58 billion. On the other hand, next quarter’s revenue guidance of $2.56 billion was less impressive, coming in 3.4% below analysts’ estimates. Its non-GAAP profit of $1.19 per share was in line with analysts’ consensus estimates.

STOCK ALERT Shares of online commerce site eBay fell 8% in after-hours trading to $57 after it reported earnings. Its full-year revenue guidance came in light. The company estimated revenue of $10.23 billion to $10.

eBay Inc (NASDAQ:EBAY) reported third-quarter earnings that slightly beat analyst expectations, but shares plummeted 10% in after-hours trading due to disappointing guidance for the crucial holiday shopping season.

The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share. The e-commerce company posted revenue of $2.58 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $2.55 billion.

Ebay quarterly results

eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today reported financial results for its third quarter ended September 30, 2024.

The online brokerage continues to seize new avenues of growth, which now includes Harris or Trump contracts.

Oil stockpiles decreased last week as production held steady and imports fell. Analysts had predicted an increase.

Robinhood (HOOD) stock is in focus as the financial services company is set to report quarterly results after the bell on Wednesday. The earnings report comes as Robinhood has expanded its trading offerings to include futures and index options trades as well as betting options on the US presidential election. Seana Smith and Josh Schafer break down what investors need to know ahead of the results. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

Sales of newly built homes have been on a tear. But builders are likely to soon face stiffer competition for buyers.

U.S. natural gas futures settled lower with market attention on tomorrow’s storage numbers that are expected to show the surplus rising for a second consecutive week.