Rocket Companies Inc (NYSE:RKT) shares are trading lower by 5.5% after the mortgage lender reported a sharp decline in revenue.
On Tuesday afternoon, Rocket reported first-quarter adjusted EPS of 15 cents, missing consensus analyst estimates of 19 cents. Revenue for the quarter was $2.67 billion, beating Wall Street's expectations of $2.17 billion. Revenue was down 41% from a year ago.
