Why Quantum Computing Stock Is Skyrocketing Today
Shares of Quantum Computing (NASDAQ: QUBT) are soaring on Friday. The company's stock jumped 34.5% as of 1:32 p.m. ET. The rise comes as the S 500 (SNPINDEX: ^GSPC) gained 0.4% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.2%.
The quantum computing company reported its Q1 earnings, posting a net profit.
Quantum Computing reported Q1 earnings of $17 million, or $0.11 per share, a major jump from the loss of $6.4 million or $0.08 per share in the year-ago period.
Source Fool.com
