Opendoor (OPEN) Tops Q4 EPS by 10c, provides guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/25/2026
- Nasdaq, S&P end lower as tech stocks fall
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
Opendoor (OPEN) stock falls as guidance disappoints
February 16, 2024 10:20 AM ESTOpendoor (NASDAQ: OPEN) reported a narrower-than-expected loss for the fourth quarter, but shares fell sharply as the company's revenue outlook for the first quarter of 2024 fell short of Wall Street expectations. The digital platform for residential real estate transactions saw its stock drop 6.6% following the announcement, signaling investor concerns over the guidance miss.
For the fourth quarter, Opendoor posted an adjusted loss per share of $0.14, which was $0.10 better than analysts' estimates of a $0.24 loss. Revenue for the quarter was $870 million, surpassing the consensus estimate of $827.6 million. Despite beating the consensus estimates, the company's... More
