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DETROIT (AP) — DETROIT (AP) — Rocket Companies, Inc. (RKT) on Thursday reported a loss of $10.4 million in its first quarter.
The Detroit-based company said it had a loss of 8 cents per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.
The company posted revenue of $1.04 billion in the period. Its adjusted revenue was $1.3 billion, topping Street forecasts. Four analysts surveyed by Zacks expected $1.22 billion.
For the current quarter ending in June, Rocket Companies said it expects revenue in the range of $1.18 billion to $1.33 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