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Old 09-02-2020, 05:11 PM
  #9585  
king_me
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Join Date: Feb 2019
Location: Delray Beach, FL
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I'll never understand stock price movement when earnings report come out. What am I missing from this published report? Sounds positive!

Sept 2 (Reuters) - Rocket Companies Inc, the parent of mortgage lender Quicken Loans, on Wednesday reported a profit for the second quarter, compared to a year-ago loss, in its first results as a public company.

The company's net income was $3.5 billion in the three months ended June 30, compared to a loss of $54 million a year earlier. (Reporting by Niket Nishant and Neha Malara in Bengaluru; Editing by Sriraj Kalluvila)