D-Wave Quantum Expects Q2 Revenues Below Consensus, Cuts 2023 Outlook
Portfolio Pulse from Lekha Gupta
D-Wave Quantum Inc (NYSE:QBTS) has provided Q2 2023 preliminary revenues below the consensus, expecting revenues in the $1.65 million-$1.80 million range, below the consensus of $2.3 million. The company has also cut its 2023 outlook for revenue to $11 million-$13 million, down from $12 million-$13 million. Despite this, QBTS shares are trading higher by 1.09% at $2.78 premarket.
July 21, 2023 | 9:49 am
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D-Wave Quantum Inc (QBTS) has provided lower than expected Q2 2023 preliminary revenues and cut its 2023 outlook. Despite this, shares are trading higher.
While the company has provided lower than expected Q2 2023 revenues and cut its 2023 outlook, the market seems to be reacting positively, with shares trading higher. This could be due to other factors not mentioned in the article, such as overall market conditions or investor sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100