12:21 PM EDT, 08/02/2024 (MT Newswires) -- (Updates with stock price movement in the first paragraph and headline)

Rocket (RKT) shares were up nearly 11% in recent Friday trading as the company's Q2 earnings beat estimates.

The company 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.

Price: 17.04, Change: +1.68, Percent Change: +10.90