IonQ Sees Q4 Revenue Guidance Of $5.3M-$6.1M Vs $4.37M Est; Increases FY23 Revenue Range $21.2M-$22M Vs $19.14M Est.; Increases Bookings Expectation Range To Between $60M-$63M
Portfolio Pulse from Benzinga Newsdesk
IonQ has increased its Q4 revenue forecast to $5.3M-$6.1M, higher than the estimated $4.37M. The company also raised its FY23 revenue outlook to $21.2M-$22M, surpassing the $19.14M estimate. Furthermore, IonQ has increased its bookings expectation for 2023 to between $60M-$63M.
November 08, 2023 | 11:10 pm
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IonQ has raised its Q4 and FY23 revenue forecasts, which are now higher than previous estimates. The company's bookings expectation for 2023 has also been increased.
IonQ's increased revenue and bookings forecasts for Q4 and FY23 indicate a positive outlook for the company's financial performance. This could potentially lead to a rise in the company's stock price in the short term.
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