Opendoor's Mixed Q3 Results: Stock Dips Despite Optimistic Outlook

Opendoors Q3 Results: Mixed Bag Leads to Stock DropOpendoors Q3 financial results showed a mixed bag, with revenue beating expectations but earnings per share falling short. The company reported a loss of twelve cents per share, missing the seven-cent loss anticipated. Despite these struggles, Opendoor offered an optimistic outlook for Q4, projecting adjusted earnings of forty-five million dollars. However, investors focused on the immediate earnings miss, leading to a stock drop. The companys challenges are largely due to selling older, lower-margin properties and a cooling U.S. housing market. Despite the recent dip, Opendoors stock is still up over three hundred percent since the start of the year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.