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QuantumScape Stock Surges 10% on Strong Earnings Beat

QuantumScape Stock Surges 10% on Strong Earnings Beat

Author:

Global Cryptocurrency

Published:

2025-10-22 23:21:02

18

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BTCCSquare news:

QuantumScape's shares jumped 10% after the battery Maker reported better-than-expected financial results. The San Jose-based company posted a Q3 EPS loss of -$0.18, outperforming Wall Street's -$0.20 estimate. Revenue reached $12.8 million, surpassing the $10 million consensus.

The company maintains a strong cash position of $1 billion, with management projecting runway through decade's end. QuantumScape will shift focus from cash updates to customer billings moving forward. Year-to-date, the stock has soared 162% as investors bet on its role in the EV revolution.

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