🔴 Opendoor Technologies is trading 4.5% down today after Q2 revenue and EPS missed forecasts

Opendoor Technologies is trading 4.52% down at $3.53 after its August 4 earnings report missed revenue and EPS expectations.

• Q2 revenue was $883 million versus the $902.62 million forecast; the company reported a $0.17-per-share loss versus an expected $0.08.
• Stronger acquisition activity and improved contribution margins were outweighed by weaker-than-expected results and sharply lower year-over-year revenue.
• Shares fell 8.74% on August 5, suggesting post-earnings selling rather than a newly identified August 6 announcement; broader technology weakness may add pressure.