Opendoor Technologies stock falls after missing earnings estimates and providing slow outlook

From Nasdaq MarketSite: 2025-02-28 12:08:13

Shares of Opendoor Technologies (NASDAQ: OPEN) fell after missing fourth-quarter earnings estimates and providing a slow first-quarter outlook. Revenue increased 25% to $1.08 billion, but the company remains unprofitable. Adjusted EBITDA losses narrowed, but GAAP per-share loss expanded to $0.16. CEO Carrie Wheeler expects a slow start to 2025 and projects revenue of $1 billion-$1.075 billion for the first quarter. Opendoor’s profitability depends on the overall housing market. In other news, The Motley Fool offers a “Double Down” stock recommendation, citing past successes with Nvidia, Apple, and Netflix.

Investors should monitor Opendoor’s performance and consider long-term growth potential, while also exploring investment opportunities with The Motley Fool’s “Double Down” alerts.



Read more at Nasdaq MarketSite: Why Opendoor Technologies Stock Was Sliding Today