What's Going On With IonQ Stock After Hours?

Loading...
Loading...

IonQ Inc IONQ shares are trading lower in Monday's after-hours session after the company reported mixed third-quarter financial results.

IonQ reported third-quarter revenue of $2.76 million, which beat average analyst estimates of $2.73 million, according to Benzinga Pro. The company reported a quarterly net loss of 12 cents per share, which missed average estimates for a loss of 10 cents per share.

Bookings totaled $16.4 million in the third quarter. The company ended the quarter with $555.8 million in cash and equivalents.

"During the quarter, we announced a $13.4 million contract with the U.S. Air Force Research Lab, which represents a major step in hitting our bookings goal for the year and in the public-private effort to bring quantum technology into the mainstream," said Peter Chapman, president and CEO of IonQ.

IonQ expects fourth-quarter revenue to be between $2.9 million and $3.4 million. The company expects full-year revenue to be between $10.2 million and $10.7 million versus average estimates of $10.64 million.

IonQ is a leader in quantum computing with a proven track record of innovation and deployment.

See Also: Why Investors Are Unloading AMMO Shares After Hours

IONQ Price Action: IonQ has a 52-week high of $17.86 and a 52-week low of $4.16.

The stock was down 6.74% in after hours at $5.60 at time of publication.

Photo: courtesy of IonQ.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Small CapAfter-Hours CenterMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...