Rocket Companies Q2 Earnings Highlights: Revenue Beat, EPS Beat, Investor Day Coming In September
Portfolio Pulse from Chris Katje
Rocket Companies reported strong Q2 earnings with revenue and EPS beating estimates. The company saw a 10.4% increase in closed loan origination volume and expects Q3 revenue between $1.15 billion and $1.3 billion. Rocket will host its first Investor Day on Sept. 10.
August 01, 2024 | 8:49 pm
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Rocket Companies reported Q2 earnings with revenue and EPS beating estimates. The company saw a 10.4% increase in closed loan origination volume and expects Q3 revenue between $1.15 billion and $1.3 billion. Shares are down 2% in after-hours trading.
Rocket Companies' strong Q2 earnings report, with both revenue and EPS beating estimates, is a positive indicator. The 10.4% increase in loan origination volume and optimistic Q3 revenue guidance further support a positive outlook. However, the 2% drop in after-hours trading suggests some investor caution, possibly due to broader market conditions or profit-taking.
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