Rigetti Computing Q1 2024 GAAP EPS $(0.14) Misses $(0.11) Estimate, Sales $3.052M Miss $3.245M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rigetti Computing (NASDAQ:RGTI) reported Q1 2024 GAAP EPS of $(0.14), missing the $(0.11) estimate, with sales of $3.052M also missing the $3.245M estimate. Despite these misses, both losses per share and sales showed significant improvement over the same period last year, with losses per share decreasing by 26.32% and sales increasing by 38.66%.
May 09, 2024 | 9:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Rigetti Computing reported a Q1 2024 EPS of $(0.14), missing estimates, and sales of $3.052M, also below expectations. However, year-over-year improvements were noted in both metrics.
Missing both EPS and sales estimates is likely to negatively impact investor sentiment in the short term, despite the year-over-year improvements. Investors typically react unfavorably to earnings misses, which can lead to a decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100