The mortgage loan operator said it made 89 cents per adjusted diluted share on non-GAAP adjusted revenue of $4.04 billion.
Rocket, which came public last August, had been expected to report earnings of 90 cents a share, on sales of $4.2 billion, based on a FactSet survey of 13 analysts.
The stock has risen 13% since the company last reported earnings on Feb. 25.
The company also guided for gain-on-sale margins of 2.65% to 2.95% in the second quarter. That's down from 3.74% in the first quarter of this year.
“This was the sixth consecutive quarter where our team was able to double the company's home loan volume year-over-year,” said Jay Farner, Rocket Companies' Vice Chairman and CEO, in a statement. “Rocket Auto increased the number of vehicles it sold 65% compared to this time last year, Amrock achieved its highest level of closings in company history with an increase of 110% from the first quarter of 2020, and Rocket Homes increased the average monthly visitors on its website by more than 300% versus Q1 last year,” he said in the statement.
Shares of Rocket fell $2.60, or 11.4% in after-hours trading.the stock gained 1.4% in the regular session Wednesday
Rocket was discussed by TheStreet’s Jim Cramer during a recent Lightning Round segment on Mad Money.
Rocket is one of a number of non-bank service providers called out by Cathie Wood's ARK Investment Management firm recently.