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Why Robinhood (HOOD) Shares Are Trading Lower Today

Shares of financial services company Robinhood (NASDAQ:HOOD) fell 16.3% in the morning session after the company reported underwhelming third-quarter earnings that missed Wall Street's revenue, users, EBITDA, and EPS expectations. Notably, sales declined quarter on quarter, suggesting that the momentum from retail traders might not be as strong as in recent times. Overall, this was a weaker quarter.
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