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Robinhood Markets Q1 2022 Earnings Preview

Daniel

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Robinhood Markets (NASDAQ:HOOD) is scheduled to announce Q1 earnings results on Thursday, April 28th, after market close.

The consensus EPS Estimate is -$0.36 and the consensus Revenue Estimate is $357.21M

Over the last 3 months, EPS estimates have seen 0 upward revisions and 3 downward. Revenue estimates have seen 1 upward revision and 7 downward.

On Tuesday, HOOD announced that it would let go of 9% of its full-time employees, following a period of hyper-growth. CEO Vlad Tenev said the reduction of employees wouldn’t slow the company’s development efforts.

Earlier in the day, HOOD stock fell to a new low. It closed -4.9% at $9.51. It has lost ~46% YTD.

The stock and crypto trading app company in late January had guided softer-than-expected Q1 revenue, sending its shares sliding. Monthly active users as of Q4 2021 were 17.3M, an 8% fall from 18.9M at the end of Q3.

A year earlier in Q1 2021, HOOD had seen outsized revenue growth due to heightened trading activity spurred by the meme-stocks rally.

The company recently said that it would acquire Ziglu, a UK-based electronic money firm and crypto platform.

Last week, Morgan Stanley analyst Michael Cyprys outlined near-term challenges and said that lack of profitability was still a “key sticking point of concern for many.”

Read a recent analysis: Robinhood: It’s Time To Dive In For The Long Haul

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Original Article: seekingalpha.com

Business

Maersk, MSC to End Global Alliance in Container Shipping Shakeup

Daniel

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Sky_Blue/iStock Unreleased via Getty Images

The world’s two biggest shipping lines – A.P. M?ller-Maersk (OTCPK:AMKBY) (OTCPK:AMKAF) and Mediterranean Shipping Co. – said Wednesday they will end their 2M vessel sharing partnership in 2025, a move S&P Global Platts said will shake up the container shipping market and .

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Article: seekingalpha.com

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Business

U.S. Natural Gas Slides Below $3 for First Time in 19 Months

Daniel

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straga/iStock via Getty Images

U.S. natural gas futures fell below $3 for the first time since May 2021, trading as low as $2.992/MMBtu Wednesday before the front-month February contract (NG1:COM) settled at a new 52-week low, -5.8% to $3.067/MMBtu.

Since fears that suppliers couldn’t meet wintertime demand pushed U.S. natgas prices to a 14-year high of ~$10/MMBtu in August, U.S. and Europe have refilled their buffer inventories ahead of winter, and relatively warm temperatures in the Northern Hemisphere so far have held down demand for heating.

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Source Here: seekingalpha.com

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Business

Sens. Warren, Welch Urge Moderna to Reconsider COVID-19 Shot Price Increase

Daniel

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Drew Angerer/Getty Images News

Democratic Sens. Elizabeth Warren (Mass.) and Peter Welch (Vt.) are asking Moderna (NASDAQ:MRNA) CEO Stephane Bancel to reconsider a price hike for COVID-19 vaccines once they become available through the commercial market.

Moderna (MRNA), like rival Pfizer (), has said it plans to hike the price of its COVID shot to between $110 and $130 per dose, far higher than what the federal government has been paying for them.

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Original Article: seekingalpha.com

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