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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.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a RKT">Zacks stock report on RKT at https://www.zacks.com/ap/RKT