Technology real estate company Opendoor (NASDAQ:OPEN) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 3.7% year on year to $1.57 billion. On the other hand, next quarter’s revenue guidance of $837.5 million was less impressive, coming in 29.5% below analysts’ estimates. Its non-GAAP loss of $0.01 per share was in line with analysts’ consensus estimates.
A number of stocks jumped in the afternoon session after the latest Consumer Price Index (CPI) report showed inflation holding steady, bolstering investor optimism for a potential interest rate cut by the Federal Reserve. The data, which revealed that inflation remained at 2.7% for the year ending in July, was seen as a positive sign by investors. This stability increases the likelihood that the Federal Reserve might lower interest rates at its upcoming September meeting. Lower interest rates can stimulate the economy by making borrowing cheaper for both consumers and businesses, which often translates into higher consumer spending. This is particularly beneficial for the Consumer Discretionary sector, which includes companies selling non-essential goods and services like apparel, travel, and electronics.
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This week, from August 4th to August 10th, 2025, marks a busy period in the second-quarter earnings season, with hundreds of companies across various sectors scheduled to report their financial results. These earnings calls are crucial events for investors, analysts, and the broader market, as they provide insights into corporate
Investor Eric Jackson, who ignited Opendoor Technologies Inc.'s (NASDAQ: OPEN) 874% rally last month, is now publicly criticizing the company's CEO, Carrie Wheeler, going as far as to call for her replacement.
Shares of technology real estate company Opendoor (NASDAQ:OPEN)
fell 22.7% in the afternoon session after the company issued a weak financial forecast for the upcoming third quarter, overshadowing its recent earnings report. The online real estate platform projected third-quarter revenue between $800 million and $875 million, a steep decline from the previous year and well below market expectations. Opendoor also guided for a return to a loss on an adjusted earnings basis. This gloomy forecast soured investor sentiment despite the company reporting better-than-expected revenue of about $1.6 billion for its second quarter. The poor outlook stemmed from a difficult home-buying environment, as high interest rates discouraged potential buyers and decreased sales.
