D-Wave Quantum Q2 EPS $(0.20) Misses $(0.14) Estimate, Sales $1.71M Miss $2.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
D-Wave Quantum (NYSE:QBTS) reported Q2 earnings per share of $(0.20), missing the analyst consensus estimate of $(0.14) by 42.86%. The company also reported quarterly sales of $1.71M, missing the estimate of $2.30M by 25.78%. This represents a 66.67% decrease in earnings and a 24.51% increase in sales compared to the same period last year.
August 10, 2023 | 11:05 am
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D-Wave Quantum's Q2 earnings and sales missed estimates, with a significant decrease in earnings compared to last year.
D-Wave Quantum's earnings per share and sales both missed analyst estimates, which is likely to negatively impact investor sentiment and potentially the stock price in the short term. The significant decrease in earnings compared to the same period last year further exacerbates this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100