Rocket Reports Q1 Profit, Looks for Possible Acquisition

Rocket saw net income of $1 billion in the first quarter. And the company is now sitting on a pile of cash that could make it a player in the acquisition market. Rocket’s earnings were actually down – the $1 billion profit is a 41 percent drop from last year. But Rocket also has more than $2 billion dollars in cash, prompting questions during Tuesday’s earnings call about possible acquisitions.