Quantum Computing Q3 EPS $(0.09) Beats $(0.10) Estimate, Sales $50.44K Miss $200.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Quantum Computing Inc. (NASDAQ: QUBT) reported Q3 earnings with an EPS loss of $(0.09), beating estimates by 10% and improving from last year's $(0.22) loss. However, sales of $50.44K fell short of the expected $200K, despite being a 33.97% increase from the previous year.
November 13, 2023 | 9:03 pm
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NEGATIVE IMPACT
Quantum Computing Inc. (QUBT) reported a smaller-than-expected EPS loss and a year-over-year improvement, but significantly missed sales estimates.
While the EPS beat may be viewed positively, the substantial miss on sales estimates is likely to concern investors, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100