Recap: Rigetti Computing Q4 Earnings
Portfolio Pulse from Benzinga Insights
Rigetti Computing (NASDAQ:RGTI) reported Q4 earnings with an EPS of $-0.09, beating estimates by 31.0% but with a revenue decrease of $2.68M from the previous year. The company's past earnings performance shows a mixed track record, with the last quarter missing EPS estimates leading to an 8.0% share price drop the following day.
March 14, 2024 | 8:30 pm
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NEUTRAL IMPACT
Rigetti Computing reported a stronger than expected Q4 EPS but with a decrease in revenue compared to last year. The company's history shows sensitivity in stock price to earnings performance.
While the EPS beat might be seen positively, the decrease in revenue and the company's past sensitivity to earnings reports suggest a mixed impact. The stock might experience volatility as investors weigh the EPS beat against the revenue decline and historical performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100