Why IonQ Stock Is Skyrocketing Today
IonQ (NYSE: IONQ) stock is surging in Thursday's trading after the company published its third-quarter results. The quantum-computing specialist's share price was up 34.6% as of 1:30 p.m. ET.
While IonQ's loss in Q3 came in higher than anticipated, sales were significantly better than expected. In addition to the sales beat, the company also announced a major new acquisition and gave forward financial performance guidance that has Wall Street feeling very bullish.
Ionq posted a loss of $0.24 per share on revenue of $12.4 million in Q3. Meanwhile, the average analyst estimate had called for a per-share loss of $0.23 on revenue of roughly $10.2 million. Revenue was up roughly 103% year over year in the quarter, and the company recorded $63.5 million in new bookings in the quarter.
Source Fool.com
