Rocket Companies: Q3 Earnings Snapshot
By AP News
Published - Nov 13, 2024, 11:02 AM ET
Last Updated - Dec 16, 2024, 05:26 PM EST
DETROIT (AP) — DETROIT (AP) — Rocket Companies, Inc. (RKT) on Tuesday reported a loss of $22 million in its third quarter.
The Detroit-based company said it had a loss of 19 cents per share. Earnings, adjusted for one-time gains and costs, were 8 cents per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.
The company posted net revenue of $646.9 million in the period and adjusted revenue of $1.32 billion. The adjusted revenue exceeded the forecast of five analysts surveyed by Zacks of $1.22 billion.
