Rigetti Computing's stock price fell 7.8% due to weaker-than-expected earnings and negative net margin.
Rigetti Computing's (NASDAQ:RGTI) stock price fell 7.8% on Friday following weaker-than-expected earnings, reporting ($0.14) EPS, missing analysts' consensus estimates of ($0.08) by ($0.06). The company had a negative net margin of 625.42% and a negative return on equity of 59.51%. In response, Needham & Company LLC reaffirmed a "buy" rating and set a $3.00 target price on shares of Rigetti Computing.
May 10, 2024
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