IonQ Q2 EPS $(0.22) Misses $(0.13) Estimate, Sales $5.50M Beat $4.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
IonQ reported Q2 losses of $(0.22) per share, missing the analyst consensus estimate of $(0.13) by 69.23%. This is a 2100% decrease from the same period last year. However, the company reported quarterly sales of $5.50 million, beating the analyst consensus estimate of $4.35 million by 26.44%. This is a 110.89% increase from the same period last year.
August 10, 2023 | 8:08 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
IonQ's Q2 earnings missed estimates but sales beat expectations. The company's EPS was down 2100% YoY, while sales were up 110.89% YoY.
IonQ's Q2 earnings report shows a significant decrease in EPS, missing estimates, which could negatively impact the stock. However, the company's sales beat estimates and showed a significant increase YoY, which could have a positive impact. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100