Rocket Companies, Inc. ($RKT) reported its Q3 2024 earnings, generating total revenue of $647 million and adjusted revenue of $1.323 billion, surpassing the high end of its guidance range. However, the company also disclosed a GAAP net loss of $481 million, equivalent to a GAAP diluted loss per share of $0.19. The earnings report indicated a weak outlook for the upcoming quarter, contributing to a significant decline in its stock price. Following the announcement, shares of Rocket Companies fell by approximately 14% in premarket trading, reflecting investor concerns over the company's performance in a sluggish home sale market. The adjusted net income was reported at $0.08 per share, in line with estimates, while year-over-year revenue growth was noted at 32.04%. The market's reaction underscores the challenges facing the online lender amid a declining housing market.