Quantum Computing Q1 EPS $(0.08) Beats $(0.10) Estimate, Sales $27.00K Down From $120.53K YoY
Portfolio Pulse from Benzinga Newsdesk
Quantum Computing (NASDAQ:QUBT) reported Q1 EPS of $(0.08), beating the $(0.10) estimate. However, sales dropped significantly to $27.00K from $120.53K YoY.
June 11, 2024 | 8:01 pm
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Quantum Computing reported better-than-expected Q1 EPS of $(0.08), beating the $(0.10) estimate. However, sales plummeted to $27.00K from $120.53K YoY, indicating significant revenue challenges.
While the EPS beat expectations, the significant drop in sales is concerning. Investors may have mixed reactions, leading to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100