Recap: Opendoor Technologies Q4 Earnings
Portfolio Pulse from Benzinga Insights
Opendoor Technologies (NASDAQ:OPEN) reported Q4 earnings with an EPS of $-0.14, beating estimates by 22.22% but with a revenue decrease of $1.99 billion from the previous year. Despite beating EPS estimates last quarter, the share price dropped by 5.0% the following day.
February 15, 2024 | 9:20 pm
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Opendoor Technologies reported a better-than-expected Q4 EPS but saw a significant revenue drop from the previous year.
While the EPS beat is positive, the significant revenue drop and historical context of a share price drop following last quarter's earnings beat suggest a mixed short-term impact. The EPS beat could provide some positive sentiment, but the revenue decline and past share price reaction post-earnings indicate potential concerns among investors.
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IMPORTANCE 90
RELEVANCE 100