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Benzinga
7 days

Rigetti Stock Slips After Q2 Earnings Miss: Details

1. Rigetti reported Q2 losses of 13 cents per share, missing estimates. 2. Quarterly revenue was $1.8 million, lower than the expected $1.88 million. 3. Operating expenses totaled $20.4 million, leading to a net loss of $39.7 million. 4. Rigetti launched its multi-chip quantum computer Cepheus 1-36Q. 5. Current stock price is $16.06, down 0.86% in extended trading.

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FAQ

Why Bearish?

The significant loss and revenue miss may deter investors, affecting stock confidence.

How important is it?

The missed earnings and revenue expectations could significantly impact investor perceptions.

Why Short Term?

Immediate investor sentiment may react negatively to disappointing earnings reports.

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