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Opendoor lost seven cents per share last quarter, with sales at $1.02 billion, missing expectations.

ResultsRead the original at Benzinga
Neutral

Opendoor beat the expected loss and reported more home purchases and lower costs per home. Q3 sales missed estimates, and its Q4 sales forecast is below analysts’ estimate, leaving the report mixed.

OPEN · Opendoor Technologies Inc.

AI read · Neutral

The AI's read

Lower costs per home and fewer long-listed homes suggest Opendoor is running its business more efficiently. But the Q4 sales forecast is below analysts’ estimate, and Q3 sales also missed. The report shows real operating progress, but not a clear change in the company’s outlook.

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