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IonQ Analysts Raise Their Forecasts After Q2 Results

IonQ, Inc. (NYSE: IONQ) reported mixed financial results for the second quarter.

August 14, 2023

1 minute read

IonQ, Inc. (NYSE:IONQ) reported mixed financial results for the second quarter.

IonQ said second-quarter revenue increased 111% year-over-year to $5.5 million, which beat the consensus estimate of $4.35 million. The company reported a quarterly loss of 22 cents per share, which missed analyst estimates for a loss of 13 cents per share.

IonQ said it expects third-quarter revenue to be between $4.8 million and $5.2 million. The company raised its full-year revenue outlook to a range of $18.9 million to $19.3 million.

IonQ shares gained 4.3% to $16.38 in pre-market trading.

These analysts made changes to their price targets on IonQ following earnings announcement.

Goldman Sachs boosted the price target on IonQ from $9 to $14. Goldman Sachs analyst Toshiya Hari maintained a Neutral rating.
Benchmark increased the price target on IonQ from $17 to $20. Benchmark analyst David Williams maintained a Buy rating.
Morgan Stanley increased IonQ price target from $7 to $16. Morgan Stanley analyst Scott Fessler maintained an Equal-Weight rating.

Grown Rogue Reports Record Q1 Revenue, CEO Calls These Two States ‘Primary Growth Drivers’

By Jelena Martinovic

May 30, 10:09 AM

Grown Rogue International Inc. (CSE: GRIN) (OTC: GRUSF) reported on Thursday its first-quarter 2024 results for the three months ended March 31, 2024.The Medford, Oregon-based company reported record quarterly revenue of $6.7 million, compared to $6 million in the three months ended April 30, 2023, representing a year-over-year increase of 11%."This was another exciting quarter with record revenue and aEBITDA despite the year-ago comparison period including April instead of January; April is seasonally a stronger month for the industry," Obie Strickler, CEO of Grown Rogue, said. "In addition, we achieved record indoor revenue in Michigan and Oregon during the quarter and are thrilled that an increasing number of customers in competitive markets are choosing our products which means we are continuing to bring them value."

CSE:GRIN