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Opendoor Shares Plunge After Disappointing Q3 Earnings Report

Opendoor Shares Plunge After Disappointing Q3 Earnings Report

Author:

Global Cryptocurrency

Published:

2025-11-07 00:18:02

22

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BTCCSquare news:

Opendoor Technologies (OPEN) saw its shares tumble in after-hours trading following a weaker-than-expected third-quarter earnings report. The online real estate platform posted a loss of $0.12 per share, missing analyst estimates of an $0.08 loss. Revenue declined sharply to $915 million from $1.38 billion a year earlier, though it narrowly surpassed expectations of $849.6 million.

The company sold just 2,568 homes during the quarter, down from 3,620 in the prior-year period. Gross profit fell to $66 million from $105 million, while inventory value dropped 51% year-over-year to $1.053 billion. Management offered Q4 revenue guidance of approximately $594.75 million, above consensus estimates.

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