Dan Gilbert’s Rocket Companies reports first full-year loss ...Middle East

Dan Gilbert’s Rocket Companies on Thursday reported its first full-year loss since going public in 2020. Rocket had a net loss of $390 million on $3.8 billion in revenue for all of 2023, compared with a profit of $700 million in 2022. Most of that red ink appeared in the fourth quarter, when Rocket saw a $233 million net loss on $694 million in revenue. Like other mortgage lenders, Rocket has experienced a slide in business since early 2022 when mortgage rates started climbing from what had been historic lows, leading to fewer home purchases and less refinancing activity. Rocket executives have an investors’ call scheduled for late Thursday afternoon. “I’m proud of our team members for

Hence then, the article about dan gilbert s rocket companies reports first full year loss was published today ( Friday 23/02/2024 - 01:05 AM ) and is available on TOP world News today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Dan Gilbert’s Rocket Companies reports first full-year loss )

Also on site :

• Bobby Flay Shares Flirty Birthday Message to ‘Talented’ Girlfriend Brooke Williamson and Fans Can’t Get Enough
• WNBA Star Sophie Cunningham Had Everyone Staring When She Climbed Onto a Bar and Belted Out Toby Keith
• NCC's Executive Director and Psychometrician Bresney Fanning Assumes Presidency of the American Board of Nursing Specialties (ABNS)