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Stock impact report

Why Opendoor Technologies Stock Is Soaring Today [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
The company expects a positive EBITDA profit in the second quarter. 10 stocks we like better than Opendoor Technologies › Shares of Opendoor Technologies (NASDAQ: OPEN) were soaring today after the online home flipper posted better-than-expected results in its first-quarter earnings report. The stock had fallen sharply in recent months, but the latest round of results gave investors some hope that the company can build a viable business over the long term, especially in the face of a weak housing market. Opendoor reported a revenue in decline of 2% to $1.15 billion in the quarter, ahead of the consensus at $1.06 billion. However, revenue isn't a useful metric for a company like Opendoor, as it can earn revenue from simply buying and selling homes, even if it doesn't earn a profit. The real test is profitability, and the company did take a step toward breakeven with its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) loss of $30 million, n Show less Read more
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