Opendoor Technologies 3Q Revenue Forecast Beats Estimates

THIRD QUARTER FORECAST

Sees revenue $1.8 billion to $1.9 billion, estimate $1.49 billion (range $1.20 billion to $1.71 billion) (Bloomberg Consensus)
Sees adjusted Ebitda $15 million to $25 million, estimate loss $19.3 million (range loss $13.6 million to $21.6 million)

SECOND QUARTER RESULTS

Loss per share 24c, estimate loss/share 35c (2 estimates)
Revenue $1.19 billion, estimate $1.08 billion (range $1.04 billion to $1.10 billion)
Homes sold 3,481
Adjusted Ebitda $26 million, estimate loss $0.93 million (range loss $4.76 million to profit $0.56 million)
Adjusted net $2.5 million, estimate loss $81.9 million (range loss $16.8 million to $196.0 million) (3 estimates)