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Rigetti shares fall 3.72% as quarterly forecasts point to higher revenue
Rigetti's shares fell more than major indexes, while consensus estimates point to quarterly revenue of $3.89 million.
Key takeaways
- Rigetti shares ended the session at $14.61, down 3.72%.
- Consensus estimates call for quarterly revenue of $3.89 million, up 99.64% year over year.
Rigetti Computing shares fell 3.72% to $14.61 in the latest trading session, underperforming the S&P 500's 0.22% decline. The Dow lost 0.66%, while the Nasdaq fell 0.22%.
Over the previous month, Rigetti shares lost 4.05%. The Computer and Technology sector gained 6.54%, while the S&P 500 rose 1.4%.
Zacks consensus estimates call for upcoming quarterly earnings of -$0.05 per share, a 66.67% downward movement from the same quarter last year. The revenue estimate is $3.89 million, up 99.64% year over year.
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Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
