Rocket Companies Sees Q2 Revenue $1.075B-$1.225B Vs $1.25B Est.
Portfolio Pulse from Benzinga Newsdesk
Rocket Companies projects its Q2 revenue to be between $1.075 billion and $1.225 billion, which is below the estimated $1.25 billion.
May 02, 2024 | 8:19 pm
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Rocket Companies anticipates its Q2 revenue to be lower than the expected $1.25 billion, estimating it to be between $1.075 billion and $1.225 billion.
The projected revenue shortfall for Rocket Companies in Q2 indicates a potential negative impact on its stock price in the short term. Investors often react negatively to revenue projections that fall short of market expectations, which can lead to a decrease in stock price as market sentiment adjusts to the new information.
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