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Why is Better Home Finance Holding Co (BETR) Stock down?
We've noticed a 6.32% decline in Better Home Finance Holding Co (BETR) stock during the 2024-11-15 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
14 Nov, 2023:
Better Home Finance Holding Co. Stock (BETR) dropped by 7.83% from $0.4638 to $0.4275 in the trading on Tuesday November 14, 2023. The reason why BETR stock down today is due to the Q3 2023 Earnings. Better Home & Finance revealed its financial results for the Q3 of 2023. The company faced significant challenges in the mortgage origination market, resulting in a net loss of $340 million and an Adjusted EBITDA loss of $54.4 million for the quarter. BETR maintained revenue at $16.4 million and demonstrated effective cost management by reducing total expenses by 45% compared to the same period last year.
11.74%
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