Rocket Companies: Q3 Earnings Snapshot

DETROIT (AP) — DETROIT (AP) — Rocket Companies, Inc. (RKT) on Thursday reported third-quarter earnings of $709 million.

The Detroit-based company said it had profit of 25 cents per share. Earnings, adjusted for one-time gains and costs, were 15 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The company posted revenue of $3.28 billion in the period. Its adjusted revenue was $2.57 billion, which also beat Street forecasts. Four analysts surveyed by Zacks expected $2.54 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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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