Opendoor Announces Third Quarter 2021 Financial Results
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Opendoor (OPEN) Shares Surge 18% on Strong Q3 Results, Analyst Sees Neat 100% Upside
November 11, 2021 8:37 AM ESTShares of Opendoor Technologies (NASDAQ: OPEN) are up over 19% in pre-open Thursday after the company reported better-than-expected Q3 results.
Opendoor reported Q3 EPS of ($0.09), easily better than the analyst estimate of ($0.17). Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.01 billion.
Eric Wu, Co-Founder and CEO of Opendoor, said his company exceeded their own expectations in Q3.
Our third quarter results are the byproduct of our focus on the consumer experience and strong, consistent execution, Wu commented.
For this quarter, Opendoor is calling for revenues of $3.1 billion to... More
