IonQ Stock Is Rising Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
IonQ Inc reported Q3 financial results, with revenue increasing 122% YoY to $6.1 million, beating the consensus estimate of $5 million. However, the company reported a net loss of 22 cents per share, missing estimates for a loss of 18 cents per share. IonQ also reported $26.3 million in new bookings for Q3, bringing YTD bookings to $58.4 million. The company raised its full-year 2023 revenue outlook to a new range of $21.2 million to $22 million and lifted its bookings outlook for the full year to a range of $60 million to $63 million.
November 09, 2023 | 4:13 pm
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POSITIVE IMPACT
IonQ reported better than expected Q3 revenue and raised its full-year 2023 revenue and bookings outlook, which could positively impact its stock price.
IonQ's Q3 revenue beat estimates and the company raised its full-year 2023 revenue and bookings outlook. This positive financial performance and optimistic outlook could increase investor confidence and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100