Why Quantum Computing Stock IonQ Dropped Today
Shares of quantum computing systems provider IonQ (NYSE: IONQ) tumbled 11% through 11 a.m. ET Thursday after the company reported a big earnings miss for Q4 last night.Heading into the report, analysts forecast IonQ would lose $0.12 per share on $10.3 million in revenue. IonQ reported better revenue than that -- $11.7 million -- but its losses were a staggering $0.93 per share. IonQ did its best to make bad results look good, emphasizing its $43.1 million in 2024 revenue (95% revenue growth), and noting Q4 revenue exceeded guidance (and was up 92% year over year). Continue reading
Shares of quantum computing systems provider IonQ (NYSE: IONQ) tumbled 11% through 11 a.m. ET Thursday after the company reported a big earnings miss for Q4 last night.
Heading into the report, analysts forecast IonQ would lose $0.12 per share on $10.3 million in revenue. IonQ reported better revenue than that -- $11.7 million -- but its losses were a staggering $0.93 per share.
IonQ did its best to make bad results look good, emphasizing its $43.1 million in 2024 revenue (95% revenue growth), and noting Q4 revenue exceeded guidance (and was up 92% year over year).
