Rocket Companies (RKT) reported Q1 adjusted earnings later Thursday of $0.04 per diluted share, unchanged from a year earlier.

Analysts polled by FactSet expected $0.04.

Revenue in the three months ended March 31 fell to $1.04 billion from $1.38 billion a year earlier.

Analysts surveyed by FactSet expected $1.24 billion.

The company expects Q2 adjusted revenue of $1.175 billion to $1.325 billion.

Analysts polled by FactSet expect $1.49 billion in sales, if comparable.

The company's shares fell 1.6% in after-hours activity.