Rocket Companies Stock Rises After Q2 Beat: The Details
Portfolio Pulse from Ryan Gustafson
Rocket Companies, Inc. (NYSE:RKT) reported Q2 earnings, beating analyst consensus estimates. The company reported losses of two cents per share, better than the estimated five cents per share, and sales of $1.24 billion, surpassing the estimated $983.18 million. Total liquidity was approximately $8.6 billion. The company also announced the appointment of Varun Krishna as the new CEO. RKT shares rose 1.88% in after-hours trading.
August 04, 2023 | 2:40 pm
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Rocket Companies reported better than expected Q2 results and announced a new CEO, leading to a rise in its stock price.
Rocket Companies reported better than expected Q2 results, which is a positive signal to investors and can lead to a rise in stock price. The appointment of a new CEO can also be seen as a positive move, potentially bringing new strategies and growth to the company.
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