Rigetti Computing Q4 2023 GAAP EPS $(0.09) Beats $(0.13) Estimate, Sales $3.376M Beat $3.217M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rigetti Computing (NASDAQ:RGTI) reported Q4 2023 earnings with a GAAP EPS of $(0.09), surpassing the $(0.13) estimate. Sales reached $3.376M, exceeding the $3.217M forecast but marking a 44.29% decrease from the previous year.
March 14, 2024 | 8:28 pm
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Rigetti Computing reported better-than-expected Q4 2023 earnings, with EPS and sales beating estimates but showing a significant year-over-year sales decline.
The positive earnings surprise and sales beat are likely to be viewed favorably by investors in the short term, potentially leading to a positive impact on RGTI's stock price. However, the significant year-over-year decline in sales could temper some of the positive sentiment.
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IMPORTANCE 90
RELEVANCE 100