Opendoor Technologies Reports Third Quarter Results with Earnings and Revenue Miss
Opendoor Technologies (OPEN) reported third-quarter financial results that fell short of market expectations. The company posted a GAAP earnings per share (EPS) of -$0.23, missing estimates by $0.06. Total revenue for the quarter reached $1.02 billion, which was $30 million below consensus forecasts. Despite the miss on top and bottom lines, Opendoor showed growth trends compared to previous periods. Revenue increased 11.5% year-over-year and 16% quarter-over-quarter, rising from $915 million in Q3 of the prior year and $883 million in the preceding quarter.
Tickers: $OPEN
Topics: earnings miss GAAP EPS revenue growth