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Benzinga

Business

Henry Khederian

Rocket Companies (RKT) Stock Soars On Impressive Q2 Earnings Beat And Strong Guidance

RKT Rocket Rocket Companies Rocket Companies Inc fintech

Rocket,Companies,Logo,Displayed,On,A,Smartphone.,Stock,Price,Chart

Shares of Rocket Companies Inc (NYSE:RKT) are surging in Friday morning trading after the fintech giant reported second-quarter financial results that surpassed Wall Street expectations and provided a bullish outlook for the upcoming quarter.

What To Know: The Detroit-based company announced its earnings after the market closed on Thursday, posting an adjusted revenue of $1.34 billion, comfortably beating the consensus estimate of $1.28 billion. The company also delivered adjusted earnings per share of 4 cents, exceeding the Street’s expectation of 3 cents.

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