DETROIT (AP) — DETROIT (AP) — Rocket Companies, Inc. (RKT) on Tuesday reported a loss of $22 million in its third quarter.
The Detroit-based company said it had a loss of 19 cents per share. Earnings, adjusted for one-time gains and costs, were 8 cents per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.
The company posted net revenue of $646.9 million in the period and adjusted revenue of $1.32 billion. The adjusted revenue exceeded the forecast of five analysts surveyed by Zacks of $1.22 billion.
For the current quarter ending in December, Rocket Companies said it expects revenue in the range of $1.05 billion to $1.2 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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