Opendoor Technologies is trading at $1.54, down 13.69%, after Q3 revenue and earnings missed analyst estimates and Q4 revenue guidance came in below consensus.
- Management said it is behind its goal of positive adjusted net income by year-end, citing slower housing demand and challenging market conditions.
- The company expects a $70 million–$85 million Q4 adjusted EBITDA loss and further sequential pressure on contribution profit.
- The decline stands out against a broader market rebound, making company results the clearest catalyst.