Update: Robinhood Markets Shares Drop Pre-Bell After Q3 Adjusted Earnings Fall, Revenue Below Consensus

04:52 AM EDT, 10/28/2026 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.) Robinhood Markets (HOOD) shares fell 8.1% in Wednesday's premarket activity after the crypto group reported a decline in fiscal Q3 earnings, while sales missed market expectations. The company reported fiscal Q3 net income late Tuesday of $0.60 per diluted share, down from $0.62 a year ago. Analysts polled by FactSet expected $0.59. Revenue for the quarter ended Sept. 30 was $1.42 billion, up from $1.27 billion a year earlier. Analysts expected $1.44 billion.