Shares of Rocket Companies (RKT) surged 6.09% in after-hours trading on Thursday, following the release of its second-quarter earnings report that exceeded analyst expectations. The mortgage lending giant demonstrated resilience in a challenging market environment, with financial results that impressed investors.

Rocket Companies reported adjusted earnings per share of $0.04 for the second quarter, beating the consensus estimate of $0.03. While this represents a 33.33% decrease from the same period last year, it still surpassed market expectations. The company's adjusted revenue came in at $1.34 billion, outperforming the analyst consensus estimate of $1.28 billion by 4.59%. This marks a 9.12% increase compared to the $1.23 billion reported in the same quarter of the previous year. Additionally, Rocket Companies posted a net income of $34 million for the quarter.

Adding to investor optimism, Rocket Companies provided a robust outlook for the third quarter. The company expects adjusted revenue between $1.6 billion and $1.75 billion, significantly above analyst expectations of $1.5 billion. This guidance incorporates a full quarter of consolidated financial results from the recently acquired Redfin Corp. CEO Varun Krishna highlighted the successful integration of Redfin, noting that it has expanded Rocket's purchase funnel and improved conversion rates. The positive earnings report, strong forward guidance, and successful strategic moves appear to have fueled investor confidence, driving the stock's after-hours rally.