D-Wave Quantum Q2 2024 GAAP EPS $(0.10), Inline, Sales $2.183M Miss $2.828M Estimate
Portfolio Pulse from Benzinga Newsdesk
D-Wave Quantum (NYSE: QBTS) reported Q2 2024 GAAP EPS of $(0.10), meeting analyst estimates. However, sales of $2.183 million missed the $2.828 million estimate by 22.81%, despite a 27.89% increase from the same period last year.
August 08, 2024 | 11:08 am
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D-Wave Quantum's Q2 2024 GAAP EPS of $(0.10) met analyst expectations, but sales of $2.183 million missed the $2.828 million estimate by 22.81%. Despite the miss, sales increased by 27.89% year-over-year.
While the EPS met expectations, the significant miss in sales against estimates is likely to negatively impact the stock price in the short term. The year-over-year sales increase is a positive sign but may not be enough to offset the negative sentiment from missing sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100