Opendoor Posts Better-Than-Expected Q1 Results: Details
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Opendoor Technologies Inc. (NASDAQ:OPEN) reported better-than-expected Q1 results, with losses of five cents per share, beating estimates of seven cents. Quarterly sales reached $720 million, surpassing the $666.54 million estimate. Homes purchased increased by 45% from the previous quarter, with over 5,000 acquisition contracts. The percentage of homes on the market for over 120 days dropped from 33% to 10%. Opendoor's stock rose 2.05% to $5.42 in after-hours trading, gaining 19.3% over the past month.
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