Robinhood falls about 8% premarket after a profit miss; Seagate and Visa also slip despite beats
Investors sold most of Tuesday's after-hours reporters: Robinhood missed on EPS as crypto revenue fell 55%, while Seagate and Visa slipped even after topping estimates.
The day-after verdict on Tuesday’s after-hours earnings was mostly negative.
| Company | Key result | vs. estimate | Premarket |
|---|---|---|---|
| Robinhood (HOOD) | GAAP EPS $0.51 (-16%); revenue $1.42B (+12%) | EPS est. $0.55 (LSEG) | about -8% to -8.4% |
| Seagate (STX) | Non-GAAP EPS $7.68; Q2 revenue guide $4.8B | EPS est. $7.39 (Investing.com) | about -3% to -3.7% |
| Visa (V) | Non-GAAP EPS $3.48; revenue $12.1B (+13%) | EPS est. $3.44 (Investing.com) | about -1.4% to -1.7% |
Robinhood: crypto revenue fell 55% to $120 million as bitcoin dropped about 28% over three months (Reuters), outweighing growth in options and equities trading and a sixfold jump in prediction-market revenue.
Why it matters: Seagate and Visa both beat, and Seagate guided above consensus, yet the shares fell, which shows how much good news was priced in after a strong run in storage and payments. Robinhood’s miss shows how quickly its earnings still swing with crypto prices.
WMR data: Robinhood closed Tuesday 38% below its 52-week high even before this drop, and bitcoin was down 4.5% over the past month. See /en/markets/crypto/.
Next: the regular-session reaction today; Robinhood’s October trading metrics in mid-November.
→ SK Hynix's Record Quarter Lifts Memory Chips on Fed Decision Day as Robinhood Slides 8%
Sources
- Reuters – Robinhood shares fall as crypto chill drives profit miss (Investing.com)
- Reuters – Nasdaq futures rise as SK Hynix boosts chips (Investing.com)
- Stocktwits – Futures mixed ahead of Fed decision, Big Tech earnings
- Robinhood – Q3 2026 results (SEC 8-K exhibit)
- Seagate – Fiscal Q1 2027 results (SEC 8-K exhibit)
- Visa – Fiscal Q4 2026 results (SEC 8-K exhibit)
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