Redfin Stock Drops 10 After Extending Break Even Point For Adjusted

Redfin Stock Drops 10 After Extending Break Even Point For Adjusted Redfin (rdfn) stock sank 10% in friday premarket trading after the online real estate brokerage platform pushed out its expected adjusted ebitda break even timeline by about six months. Redfin corp.’s stock rdfn, 2.18% slid 10% in after hours trade thursday, after the real estate company said it will take longer to break even than expected after it lost market share in its.

Redfin S Stock Drops On Loss Despite Record Rise In Market Share Redfin shares dropped more than 10% in after hours trading thursday after the company reported a 21% drop in revenue as it continues to face headwinds from a slumping housing market. the seattle. Adjusted ebitda is expected to be $4m $12m, also falling short of the $14.8m visible alpha estimate. kelman contended that adjusted ebitda "should be about break even" in 2024, "and we plan to be. Redfin issues soft q3 guidance; sees 'about break even' adjusted ebitda in 2024 sa news tue, aug. 06 6 comments redfin gaap eps of $0.23 beats by $0.03, revenue of $295.2m beats by $3.6m. Just to name a few recent stats, redfin's trailing 12 month adjusted ebitda loss has narrowed from $145 million in the first quarter of 2023 to $33 million in the most recent quarter. gross margin.

Redfin Stock A Shrinking Business Nasdaq Rdfn Seeking Alpha Redfin issues soft q3 guidance; sees 'about break even' adjusted ebitda in 2024 sa news tue, aug. 06 6 comments redfin gaap eps of $0.23 beats by $0.03, revenue of $295.2m beats by $3.6m. Just to name a few recent stats, redfin's trailing 12 month adjusted ebitda loss has narrowed from $145 million in the first quarter of 2023 to $33 million in the most recent quarter. gross margin. Shares of redfin (rdfn 0.97%) were surging today after the online real estate brokerage showed signs of a recovery in its third quarter earnings report even though the business is still struggling. Redfin reports september was a turning point for demand, with pending home sales flat after 9 months of declines and tours hitting highest level since april seattle (business wire) (nasdaq: rdfn) — pending u.s. home sales were flat from a year earlier during the four weeks ending september 29, marking the first time since january pending.