Rocket Companies: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 05:00 PM ET
Last Updated - Jun 21, 2023, 10:38 PM EDT
DETROIT (AP) — DETROIT (AP) — Rocket Companies, Inc. (RKT) on Thursday reported a loss of $18.5 million in its first quarter.
The Detroit-based company said it had a loss of 16 cents per share. Losses, adjusted for one-time gains and costs, came to 6 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The company posted revenue of $666.1 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $754.6 million.
