Robinhood notches new all-time closing high

(Linnea Rheborg/Getty Images)

A.T.H.

Robinhood notches new all-time closing high

The brokerage app posted strong Q2 numbers and has been on a tear.

8/8/25 3:07PM

Options, crypto, and stock brokerage Robinhood Markets etched a new record closing price of $114.63 Friday, as bullish earnings season vibes continued to push prices for a range of tradable assets higher.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. I own Robinhood stock as part of my compensation.)

The stock is up more than 7% since the company posted strong Q2 numbers on July 30. Shares were boosted, in part, by the surge in options trading that’s accompanied a flurry of retail trading over the past few months.

This isn’t a Robinhood-only phenomenon, however.

A story published Friday on the salmon-tinted website of the Financial Times noted that the share prices of Robinhood competitors Interactive Brokers and Charles Schwab have also touched new highs in recent days, as net inflows to stocks and ETFs by retail investors through the end of July were even running ahead of the record pace of 2021, when the GameStop saga triggered a resurgence of individual trading activity.

Millie Giles49m

Pinterest plummets on disappointing Q1 sales forecast, as retailers pull back on ad spending

Shares of social media platform Pinterest are down around 20% in premarket trading on Friday, following fourth quarter earnings after the bell on Thursday that fell short of expectations.

While revenue grew 14% to $1.32 billion in Q4, broadly in line with forecasts of $1.33 billion, the company reported earnings per share of 67 cents, below the 69 cents projected. Pinterest forecast sales in Q1 2026 to fall between $951 million and $971 million, missing average analyst estimates of $980 million.

Pinterest forecasts downbeat revenue as it battles for digital ad dollars; shares plunge

Nate Becker13h

DraftKings drops after issuing downbeat 2026 sales, profit forecasts

DraftKings plunged after the sports betting company gave downbeat guidance for the current year.

Shares were down 15% in recent after-hours trading.

It forecast:

Revenue between $6.5 billion and $6.9 billion, compared with analysts’ estimates of $7.29 billion, according to FactSet.
Adjusted EBITDA of $700 million to $900 million, compared with estimates of $981 million.

For the fourth quarter, DraftKings posted:

Revenue of $1.99 billion, in line with Wall Street’s $1.99 billion expectation
Earnings per share of $0.25, compared with a consensus estimate of $0.09.

DraftKings Reports Fourth Quarter Revenue Growth of 43% | DraftKings Inc.

It forecast:

Revenue between $6.5 billion and $6.9 billion, compared with analysts’ estimates of $7.29 billion, according to FactSet.
Adjusted EBITDA of $700 million to $900 million, compared with estimates of $981 million.

For the fourth quarter, DraftKings posted:

Revenue of $1.99 billion, in line with Wall Street’s $1.99 billion expectation
Earnings per share of $0.25, compared with a consensus estimate of $0.09.

Max Knoblauch13h

Rivian climbs after posting better-than-expected Q4 results; sees R2 SUV hitting the market in Q2

EV maker Rivian reported its fourth-quarter and full-year earnings results after markets closed on Thursday. Its shares climbed 13% in after-hours trading.

In the fourth quarter, which coincided with the end of federal EV tax credits in the US, Rivian booked $1.29 billion in revenue, down 26% year over year but above analysts’ expectations of $1.26 billion. The company posted an adjusted loss of $0.54 per share in Q4, compared to the expected loss of $0.68 per share.

Rivian forecast full-year adjusted losses in the range of $1.8 billion to $2.1 billion, compared to the $1.75 billion loss expected by Wall Street.

2026 is set to be a big year for the company, with its upcoming $45,000 R2 SUV planned to begin deliveries in the second quarter. Rivian issued full-year delivery guidance of between 62,000 and 67,000 vehicles, compared to Wall Street’s expectations of 65,700. Analysts polled by FactSet expect 14,700 of those 2026 deliveries to be R2s. Last year, Rivian delivered 42,247 vehicles.

“It’s incredibly exciting to see the early strong reviews of the R2 pre-production builds, and we can’t wait to get them to our customers next quarter,” CEO RJ Scaringe said.

Matt Phillips13h

Arista Networks soars as it beats on Q4 EPS and revenue, gives upbeat sales guidance

Arista Networks, which sells equipment and software used to run and monitor data center networks, reported better-than-expected fourth-quarter earnings and sales after the close of trading on Thursday.

Arista shares were up about 9% in the after-hours session.

Here’s what the switch and router maker reported:

Adjusted earnings per share of $0.82 vs. Wall Street expectations for $0.76, according to FactSet.
Sales of $2.49 billion vs. an expected $2.38 billion, per FactSet data.
A non-GAAP Q4 gross margin, a measure of how profitable a company’s core products are to produce, of 63.4% vs. previous guidance of 62% to 63%.
Guidance for Q1 sales of approximately $2.6 billion vs. the $2.46 billion expected on Wall Street.
Guidance for a Q1 non-GAAP gross margin of between 62% and 63% vs. the 63% FactSet forecast.

Matt Phillips14h

Coinbase posts record stablecoin revenue but falls short of expectations for Q4 sales

Crypto exchange Coinbase is climbing in premarket trading on Friday, up 6.3% at 4:50 a.m. ET, despite Q4 revenue numbers that missed Wall Street expectations and swinging to a net loss for the quarter.

Coinbase reported:

Revenue came in at $1.78 billion vs. the $1.81 billion consensus analyst expectation, per FactSet.
A net loss of $667 million, compared to a $1.3 billion profit for the same quarter last year.
Stablecoin revenue hit a record $364.1 million, up 61% from the same quarter the previous year.
Transaction revenue was $982.7 million vs. a $998 million forecast.
Adjusted earnings per share of $0.66, compared with $3.37 a year earlier.

Earlier Thursday, Coinbase seemingly suffered an outage, saying it was “aware that customers may be unable to buy, sell, transfer on Coinbase.com at this time,” but noting that “your funds are safe.” The company said the issue was resolved just over an hour later.

Coinbase shares — which were added to the S&P 500 last May — have been crushed by the downturn in crypto this year. Through Thursday’s close, the stock was down almost 40% in 2026, as the stock caught a double downgrade on Thursday before the report.