Rocket Companies Slides As Zillow Earnings Hit Housing Stocks
Rocket Companies shares are sliding. Why is RKT stock falling?Zillow's Mixed Report Weighs On Housing SentimentZillow reported fourth-quarter revenue of $654 million, ahead of Wall Street expectations, while adjusted earnings per share of 39 cents missed the 40-cent consensus estimate. The company's revenue grew 18% year-over-year and first-quarter sales guidance of $700 to $710 million topped estimates, yet the stock fell about 19% Wednesday after the release.Why Rocket Companies Is Moving In SympathyTrade ...