Opendoor Technologies (NASDAQ:OPEN) reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Opendoor Technologies beat estimated earnings by 3.03%, reporting an EPS of $-0.64 versus an estimate of $-0.66.
Revenue was down $2.03 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 12.09% drop in the share price the next day.
Here’s a look at Opendoor Technologies’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.73 | -0.52 | 0.12 | -0.13 |
| EPS Actual | -0.74 | -0.52 | 0.20 | 0.15 |
| Revenue Estimate | 2.47B | 2.60B | 4.19B | 4.29B |
| Revenue Actual | 2.86B | 3.36B | 4.20B | 5.15B |
To track all earnings releases for Opendoor Technologies visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
