IonQ Q3 2023 Gaap EPS $(0.22) Misses $(0.18) Estimate, Sales $6.14M Beat $5.00M Estimate
Portfolio Pulse from saritha@benzinga.com
IonQ reported Q3 2023 GAAP EPS of $(0.22), missing the estimate of $(0.18) by 22.22%. This is a decrease of 83.33% from the same period last year. However, the company's quarterly sales of $6.14M beat the estimate of $5.00M by 22.72%, marking a 122.08% increase from the same period last year.
November 08, 2023 | 9:51 pm
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NEUTRAL IMPACT
IonQ's Q3 2023 earnings missed estimates but sales exceeded expectations, indicating mixed financial performance.
IonQ's earnings per share (EPS) missed the analyst consensus estimate, which could negatively impact investor sentiment. However, the company's sales exceeded estimates, which could offset some of the negative impact from the earnings miss. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100