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Rocket Companies' Dan Gilbert Loses $8 Billion After Disappointing Earnings Andy Goodwin Share to Facebook T he S&P 500 index rose Thursday and Friday to close the week at a record high, but not every billionaire reaped the rewards during the heart of earnings season. Billionaire Dan Gilbert’s net worth declined by $8.1 billion this past week after his online mortgage provider Rocket Companies posted earnings that missed analyst expectations Wednesday afternoon. Rocket’s stock fell 17% Thursday and another 5.4% Friday to close at its lowest point since the company went public last August....

Shares of Rocket Companies (NYSE:RKT) fell 16.6% Thursday, following the release of the mortgage giant's first-quarter results.    So what Rocket's revenue soared 236% year over year to $4.6 billion. Its adjusted net income, meanwhile, surged 170% to $1.8 billion. These impressive results were fueled by a 100% increase in closed loan origination volume, to $103.5 billion. Strong growth across the company's title insurance, property valuation, and settlement services also contributed to gains. "While the mortgage business continues to perform -- with March producing our highest-ever purchas...

Rocket Companies Announces First Quarter 2021 Earnings Date News provided by Share this article Share this article DETROIT, April 21, 2021 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto – today announced the Company will issue its first quarter 2021 earnings on May 5, 2021. Management will host a conference call to discuss results at 4:30 p.m. ET on this date and a press relea...

Rocket Companies, a Detroit-based holding company that includes Rocket Mortgage, Amrock, Rocket Homes and Rocket Auto, was recently ranked the No. 5 best place to work in America in Fortune Magazine’s annual ranking of the “100 Best Companies to Work For.” This marks the 18th consecutive year the company has ranked in the top 30 on […]