Why Rocket Companies Stock Is Falling Today
Shares of Rocket Companies (NYSE: RKT) fell today after the mortgage and financial services company reported first-quarter earnings that were lower than analysts' average estimates.
The stock was down by as much as 11.5% today and had fallen 4.6% as of 2:36 p.m. ET.
Rocket's sales of $2.7 billion beat out Wall Street's average estimate of $2.2 billion for the quarter but were down 41% from the year-ago quarter.
Source Fool.com
