Rocket Companies: Q4 Earnings Snapshot
By AP News
Published - Feb 28, 2023, 07:42 PM ET
Last Updated - Jun 22, 2023, 06:51 PM EDT
DETROIT (AP) — DETROIT (AP) — Rocket Companies, Inc. (RKT) on Tuesday reported a loss of $17.6 million in its fourth quarter.
The Detroit-based company said it had a loss of 14 cents per share. Losses, adjusted for one-time gains and costs, were 10 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for a loss of 10 cents per share.
The company posted revenue of $480.8 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $682.7 million.
