Opendoor Slid Over 17% in Morning Trading though It Topped Revenue Estimates
Tiger Newspress2022-02-25
Opendoor slid over 17% in morning trading though it topped revenue estimates.Opendoor Technologies Inc. (OPEN) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 18.75%. A quarter ago, it was expected that this company would post a loss of $0.18 per share when it actually produced a loss of $0.02, delivering a surprise of 88.89%.
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