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Benzinga
Benzinga
Business
Adam Eckert

Why Opendoor Shares Are Surging After Hours

Opendoor Nasdaq Opendoor Technologies Inc

Opendoor Technologies Inc (NASDAQ:OPEN) shares are trading higher in Thursday's after-hours session after the company reported better-than-expected financial results and issued guidance above analyst estimates.

Opendoor said first-quarter revenue grew 590% year-over-year to $5.2 billion, which beat the $4.29 billion estimate. The company reported quarterly earnings of 4 cents per share, which beat the estimate for a loss of 13 cents per share.

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