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Rocket Swings to Q2 Earnings, Revenue Rises -- Shares Fall
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Rocket Swings to Q2 Earnings, Revenue Rises -- Shares Fall
Aug 1, 2024 2:26 PM

04:46 PM EDT, 08/01/2024 (MT Newswires) -- Rocket (RKT) reported a Q2 adjusted earnings late Thursday of $0.06 per diluted share, compared with a loss of $0.02 a year earlier.

Analysts polled by Capital IQ expected earnings of $0.05 per share.

Revenue for the quarter was $1.3 billion, up from $1.24 billion a year earlier.

Analysts expected $1.18 billion.

For Q3, the company expects adjusted revenue between $1.15 billion and $1.30 billion. Analysts expect $1.33 billion.

Rocket shares were down 2.2% in recent trading.

Price: 15.03, Change: -0.33, Percent Change: -2.15

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