Robinhood Markets (HOOD) reported Q4 earnings late Wednesday of $1.01 per diluted share, up from $0.03 a year earlier.

Analysts polled by FactSet expected $0.42.

Revenue for the quarter ended Dec. 31 was $1.01 billion, up from $471 million a year earlier.

Analysts surveyed by FactSet expected $945.8 million.

The company's shares were rising 5.4% in recent after-hours activity.

Price: 58.93, Change: +3.02, Percent Change: +5.40