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Why Rocket Companies Stock Is Falling Today

TheMotleyFool

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Why Rocket Companies Stock Is Falling TodayPhoto, wide shot, wide-angle lens, Private equity firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/2b695cca-48cb-4195-802a-e3385fb90ec0.png

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

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