Rocket Beats Expectations in Q3 Earnings Report Amid Stressed Mortgage Market

Despite operating in “one of the hardest mortgage markets in a generation” that’s “punishing” for American families as described by its CEO, Rocket Companies reported Q3 adjusted earnings above Wall Street expectations, with shares rising about 3% in after-hours trading Oct. 29. Rocket reported a GAAP (Generally Accepted Accounting Principles) total revenue of $3.28B, up…

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