DETROIT (AP) — DETROIT (AP) — Rocket Companies, Inc. (RKT) on Thursday reported first-quarter net income of $16.2 million.
On a per-share basis, the Detroit-based company said it had net income of 11 cents. Earnings, adjusted for one-time gains and costs, were 4 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The company posted revenue of $1.38 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.02 billion.
For the current quarter ending in June, Rocket Companies said it expects revenue in the range of $1.08 billion to $1.23 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
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