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Rocket Companies Expands Third-Quarter Profitability Amid Interest Rate Volatility

The Motley Fool +1 · ·by G4L

RKT Rocket Companies Inc
$15.19 +0.86%
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  1. 1Rocket Companies recorded adjusted revenue of $2.6 billion in the third quarter, approaching the midpoint of guidance.
  2. 2Rocket Companies achieved an adjusted EBITDA margin of 29% in the third quarter.
  3. 3More than 70% of Rocket Companies' annual revenue this year comes from sources with low interest rate sensitivity.

So what's the key point?

Rocket Companies increased its profits by generating $2.6 billion in revenue during the third quarter. Stability is maintained as more than 70% of revenue comes from sources less affected by interest rate changes.

Source The Motley Fool +1 · View original ↗

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