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Opendoor Technologies ( (OPEN) ) has shared an update.
Opendoor Technologies Inc. reported strong third-quarter 2024 financial results, surpassing their guidance amid ongoing housing market challenges like high mortgage rates and strained affordability. The company achieved a revenue of $1.4 billion, with significant acquisition and sales volumes, despite a net loss of $78 million. CEO Carrie Wheeler emphasized efficiency and cost management, projecting $85 million in annual savings, positioning Opendoor for future growth as market conditions improve.
Learn more about OPEN stock on TipRanks’ Stock Analysis page.
