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Stock impact report

IonQ Q3 Earnings Miss Estimates, Revenues Surge Y/Y, Stock Up [Yahoo! Finance]

IonQ, Inc. (IONQ) 
Company Research Source: Yahoo! Finance
The figure also came above the year-ago period's loss of 24 cents. Revenues in the third quarter came in at $39.87 million, representing 222% year-over-year growth and also 37% above the top end of the company's previously provided range. The metric beat the Zacks Consensus Estimate by 47.57%. Following the earnings announcement, IONQ shares jumped 5.5% in the after-market session yesterday. IONQ's Q3 Operational Highlights In the third quarter, the company's cost of revenues (excluding depreciation and amortization) totaled $21.3 million, up 226.2% year over year, mainly due to an increase in labor costs to service contracts and higher materials costs related to quantum networking products. IonQ, Inc. Price, Consensus and EPS Surprise IonQ, Inc. Price, Consensus and EPS Surprise IonQ, Inc. price-consensus-eps-surprise-chart | IonQ, Inc. Quote Sales and marketing costs rose 117.8% to $14.4 million, driven by an increase in payroll-related expenses, higher promotional c Show less Read more
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