Profits fall for Gilbert's Rocket Companies as mortgage industry slows
The Detroit-based company saw $1 billion in profits last quarter even as mortgage rates continued to rise.
Source: freep.com
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Despite rising rates, Rocket delivers $1B profit in Q1
Rocket Companies, the parent of Rocket Mortgage, generated a whopping $1 billion profit in the first quarter, up from $865 million in Q4.
Source: housingwire.com
Rocket Companies, Inc. (RKT) Q1 2022 Earnings Call Transcript
RKT earnings call for the period ending March 31, 2022.
Source: fool.com
Rocket expects lower volume during buying season
Its outlook is about $20 billion less than what the analyst consensus forecast had called for.
Source: nationalmortgagenews.com
Rocket Reports $1 Billion Profit Over Q4, but Revenue Losses Year-Over-Year
Rocket Companies Inc. announced it will attempt to buy out around 1,000 employees after disappointing first quarter earnings and stock value decline.
Source: rismedia.com