Why QuantumScape Stock Is Jumping Today
QuantumScape (NYSE: QS) stock was surging higher Thursday, and the share price was up 8.6% as of 1 p.m. ET today. Meanwhile, the S 500 index was up 0.5%, and the Nasdaq Composite index was up 0.8%.
QuantumScape published its fourth-quarter results after the market closed yesterday and reported a smaller-than-anticipated loss. The company also issued encouraging guidance for 2025.
QuantumScape's business is still in a pre-revenue state, and the company posted a loss of $0.22 per share in the fourth quarter. On the other hand, this was still below the loss per share of $0.24 based on the average Wall Street analyst estimate. Capital expenditures came in at $11.2 million for the quarter and $61.2 million for the full-year period.
Source Fool.com
