04:25 PM EDT, 05/02/2024 (MT Newswires) -- Rocket Companies ( RKT ) reported Q1 adjusted earnings Thursday of $0.04 per diluted share, compared to a loss of $0.06 a year earlier.

Analysts polled by Capital IQ expected normalized earnings of $0.01.

Net revenue for the quarter ended March 31 was $1.38 billion, up from $666.1 million a year earlier.

Analysts surveyed by Capital IQ expected $1.02 billion.

The company said it expects Q2 adjusted revenue of $1.08 billion to $1.23 billion. Analysts polled by Capital IQ expect GAAP revenue of $1.22 billion.

Shares of the company traded nearly 2% higher in after-hours activity.

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