DETROIT (AP) — DETROIT (AP) — Rocket Companies, Inc. (RKT) on Thursday reported second-quarter profit of $1.3 million.
On a per-share basis, the Detroit-based company said it had net income of 1 cent. Earnings, adjusted for non-recurring costs and stock option expense, were 6 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The company posted revenue of $1.3 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.23 billion.
For the current quarter ending in September, Rocket Companies said it expects revenue in the range of $1.15 billion to $1.3 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RKT at https://www.zacks.com/ap/RKT