Chip stocks fall with Nvidia after data center rev disappointment
Investing.com - Rocket reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Rocket announced earnings per share of $-0.08 on revenue of $1.3B. Analysts polled by Investing.com EPS of $-0.02 on revenue of $1.07B.
Rocket 's are down 12% and is trading at $6.10 , still down 61.35% from its 52 week high of $16.84 set on Thursday, November 4, 2021.
Rocket follows other major Financial sector earnings this month
Rocket's report follows an earnings beat by JPMorgan on Friday, October 14, 2022, who reported EPS of $3.12 on revenue of $32.7B, EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday, October 17, 2022 with third quarter EPS of $0.81 on revenue of $24.5B, for EPS of $0.7816 on revenue of $23.56B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar