Opendoor Technologies Q2 2024 Adj. EPS $(0.04) Beats $(0.11) Estimate, Sales $1.511B Beat $1.468B Estimate
Portfolio Pulse from Benzinga Newsdesk
Opendoor Technologies (NASDAQ:OPEN) reported Q2 2024 adjusted EPS of $(0.04), beating the $(0.11) estimate, and sales of $1.511 billion, surpassing the $1.468 billion estimate. Despite the positive earnings surprise, sales decreased by 23.53% year-over-year.
August 01, 2024 | 8:52 pm
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Opendoor Technologies reported better-than-expected Q2 2024 earnings and sales, with adjusted EPS of $(0.04) beating the $(0.11) estimate and sales of $1.511 billion surpassing the $1.468 billion estimate. However, sales decreased by 23.53% year-over-year.
The better-than-expected EPS and sales figures are likely to have a positive short-term impact on Opendoor's stock price. However, the year-over-year decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100