Rigetti Computing Q2 EPS $(0.13) Beats $(0.17) Estimate, Sales $3.33M Beat $2.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rigetti Computing (NASDAQ:RGTI) reported Q2 losses of $(0.13) per share, beating the analyst consensus estimate of $(0.17) by 23.53%. The company also reported quarterly sales of $3.33 million, surpassing the analyst consensus estimate of $2.75 million by 20.98%. This represents a 55.90% increase over sales of $2.13 million from the same period last year.
August 10, 2023 | 8:07 pm
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POSITIVE IMPACT
Rigetti Computing's Q2 results exceeded analyst expectations, which could lead to a positive market reaction.
Rigetti Computing reported better than expected Q2 results, both in terms of EPS and sales. This positive surprise could lead to an increase in the company's stock price in the short term as it indicates better than expected financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100