DETROIT (AP) — DETROIT (AP) — Rocket Companies, Inc. (RKT) on Thursday reported a loss of $123.9 million in its third quarter.
On a per-share basis, the Detroit-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The company posted revenue of $1.61 billion in the period. Its adjusted revenue was $1.78 billion.
For the current quarter ending in December, Rocket Companies said it expects revenue in the range of $2.1 billion to $2.3 billion.
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