$RKT Reports Q2'24 Revenue of $1.3 Billion, Adjusted Revenue $1.2 Billion, Stock Rises 8% to $17

$RKT reported strong financial results for the second quarter of 2024, generating total revenue of $1.3 billion, with adjusted revenue reaching $1.2 billion. This adjusted revenue exceeded the high end of the company’s guidance range and marked a year-over-year increase for the fourth consecutive quarter. The company also reported a GAAP net income of $178 million for Q2'24. Following the earnings report, the stock price saw a notable increase, touching $17 and rising by 8% in a challenging market environment.