Opendoor Technologies Q2 EPS $0.03 Vs $(0.09) Prior Year, Sales $1.98B Beat $1.88B Estimate
Portfolio Pulse from Benzinga Newsdesk
Opendoor Technologies reported Q2 earnings of $0.03 per share, an improvement from $0.09 per share loss last year. The company's quarterly sales of $1.98 billion beat the analyst consensus estimate of $1.88 billion by 5.11 percent, but this is a 52.93 percent decrease from $4.20 billion sales last year.
August 04, 2023 | 2:22 pm
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NEUTRAL IMPACT
Opendoor Technologies reported improved earnings and beat sales estimates for Q2, but experienced a significant YoY decrease in sales.
While Opendoor's Q2 earnings beat estimates and improved from last year, the significant YoY decrease in sales could be a concern for investors. This mixed result makes the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100