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Stock impact report

Rigetti's Q3 Miss Reveals Quantum Funding and Timing Pressures [Yahoo! Finance]

Rigetti Computing, Inc. (RGTI) 
Company Research Source: Yahoo! Finance
Key Points Rigetti Computing missed Q3 revenue expectations and remains unprofitable. Losing DARPA funding pressures Rigetti to self-finance its quantum roadmap. The company's 1,000-qubit goal may be years behind larger rivals like IBM. Interested in Rigetti Computing, Inc.? Here are five stocks we like better. Rigetti Computing Inc. (NASDAQ: RGTI) had high expectations for its third-quarter earnings report. Unfortunately, the results didn't meet expectations, and RGTI stock has declined by over 5% since the report. The company reported revenue of $1.95 million, which fell short of expectations of $2.17 million and decreased 18.1% year-over-year. On a more positive note, the company's quarterly loss of three cents per share was better than the forecasted loss of five cents per share. ? Carving Up Profits: 3 Food Stocks on the Thanksgiving Table Overall, the report contrasted the promise and the practicality of quantum computing. Rigetti is one of many companies trying Show less Read more
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