IonQ Q4 2023 GAAP EPS $(0.20) Misses $(0.19) Estimate, Sales $6.11M Beat $5.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
IonQ reported Q4 2023 earnings with a GAAP EPS of $(0.20), missing the $(0.19) estimate, but sales of $6.11M exceeded the $5.76M estimate, marking a 60.39% increase from the previous year.
February 28, 2024 | 9:17 pm
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NEUTRAL IMPACT
IonQ's Q4 2023 earnings report showed a slight miss on EPS estimates but exceeded sales forecasts, indicating strong revenue growth.
While the EPS miss might concern some investors, the significant sales beat and year-over-year growth are positive indicators. The mixed results could lead to neutral short-term stock price movement as investors weigh the EPS miss against strong sales performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100