Webull Swings to $24 Million Profit as Trading Revenue Jumps 66%
Webull swung to a second-quarter net profit of $24.4 million from a $28.3 million loss a year earlier. Revenue rose 51% to $198.8 million, according to unaudited results released yesterday (Wednesday). One quarter earlier, the online broker lost $21.7 million as operating expenses rose 68% year over year. Costs moved the other way this time. Revenue increased 24% from the first three months of 202
Webull swung to a second-quarter net profit of $24.4 million from a $28.3 million loss a year earlier. Revenue rose 51% to $198.8 million, according to unaudited results released yesterday (Wednesday). One quarter earlier, the online broker lost $21.7 million as operating expenses rose 68% year over year. Costs moved the other way this time. Revenue increased 24% from the first three months of 202
Source: Finance Magnates