Rocket Companies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 08:05 pm
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Rocket Companies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 1,203.17 million compared to USD 1,294.69 million a year ago. Net income was USD 6.21 million compared to USD 6.91 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.04 a year ago.
For the nine months, revenue was USD 3,105.46 million compared to USD 5,357.7 million a year ago. Net loss was USD 4.88 million compared to net income of USD 64.04 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.53 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to diluted earnings per share from continuing operations of USD 0.47 a year ago.
Rocket Companies, Inc. is a financial technology company consisting of tech-driven real estate, mortgage and financial service businesses. The Company offers Rocket Platform. Its segments include Direct to Consumer and Partner Network. In the Direct to Consumer segment, clients have the ability to interact with Rocket Mortgage online and/or with the Company's mortgage bankers. The Company markets various brand campaigns and performance marketing channels to clients through its Direct to Consumer segment. Partner Network segment leverages its client service and brands to grow marketing and influencer relationships, and its mortgage broker partnerships through Rocket Pro third-party origination (TPO). The Company consists of personal finance and consumer technology brands, including Rocket Mortgage, Rocket Homes, Amrock, Rocket Money, Rocket Loans, Rocket Auto, Rocket Mortgage Canada, Lendesk, Core Digital Media, Rocket Central and Rock Connections.