Why D-Wave Quantum Stock Just Fell
D-Wave Quantum posted a disappointing quarter, missing on both revenue and earnings while operating costs nearly doubled.
Overview
D-Wave Quantum Inc. (NASDAQ: QBTS) shares fell 9.3% on Thursday. The S&P 500 slid 0.2%, and the Nasdaq Composite finished flat.
The quantum computing company missed Wall Street's estimates on revenue and earnings in its latest quarterly report.
Details
The company reported Q2 results before the market opened on Thursday. Revenue came in at $3.1 million, essentially unchanged from a year ago and short of the $4.1 million analysts were looking for. D-Wave's net loss also missed estimates, coming in $0.13 per share, compared to the $0.09 was expected.
Source
Originally published at www.fool.com.
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