D-Wave Quantum shares are trading lower after the company reported worse-than-expected Q3 financial results and cut FY23 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
D-Wave Quantum reported disappointing Q3 financial results and reduced its FY23 revenue guidance, leading to a drop in its share price.
November 09, 2023 | 6:59 pm
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NEGATIVE IMPACT
D-Wave Quantum's poor Q3 results and reduced FY23 revenue guidance could negatively impact its stock price.
D-Wave Quantum's worse-than-expected Q3 financial results and reduced FY23 revenue guidance are negative indicators for the company's financial health. This could lead to a decrease in investor confidence, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100