Opendoor Technologies Q3 Adj EPS $(0.11) Beats $(0.15) Estimate, Sales $980.00M Miss $1.01B Estimate
Portfolio Pulse from bharat@benzinga.com
Opendoor Technologies reported Q3 adjusted EPS of $(0.11), beating the estimate of $(0.15) by 26.67%. However, the company's sales of $980.00M missed the estimate of $1.01B by 2.97%. This represents a 78.85% increase in EPS and a 70.84% decrease in sales compared to the same period last year.
November 02, 2023 | 8:38 pm
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Opendoor's Q3 results showed a better-than-expected EPS but lower-than-expected sales. This mixed performance could lead to uncertainty in the market.
Opendoor's EPS beat estimates, which is a positive signal. However, the company missed sales estimates, which could be a concern for investors. The mixed results could lead to uncertainty in the market, potentially impacting the stock price.
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