Rigetti Shares Fall as Investors Await Quarterly Results
The stock closed lower than major indexes, while consensus estimates point to higher revenue and a smaller quarterly loss year over year.
Rigetti Computing shares fell 1.32% to close at $15.74, underperforming the S&P 500, Dow and Nasdaq. The indexes declined 0.17%, 0.26% and 0.09%, respectively.
The stock had gained 1.85% over the prior month, according to the article. Over that period, the Computer and Technology sector rose 3.58%, while the S&P 500 fell 0.24%.
Investors are awaiting the company’s next financial results. Zacks consensus estimates put quarterly earnings per share at a loss of $0.05, and revenue at $3.89 million. The revenue estimate is 99.64% higher than in the same quarter a year earlier.
For the full year, Zacks estimates a loss of $0.19 per share and revenue of $24.55 million. The publisher reported those figures as changes of 70.31% and 246.36%, respectively, from the preceding year.
The consensus estimate for quarterly earnings per share had not changed in the prior month, according to Zacks. The article did not specify when Rigetti will report its results.
This article was produced with the help of AI technology.
Source: Yahoo Finance
