Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - IONQ reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
IONQ announced earnings per share of $-0.12 on revenue of $2.76M. Analysts polled by Investing.com EPS of $-0.10 on revenue of $2.78M.
IONQ 's are down 81% and is trading at $5.64 , still down 83.31% from its 52 week high of $35.90 set on Thursday, November 18, 2021.
IONQ shares lost 5.84% to trade at $5.64 in after-hours trade the report.
IONQ follows other major Information Technology sector earnings this month
IONQ's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
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