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Quantum Computing Stock Surges After Smashing Q3 Estimates

Quantum Computing Stock Surges After Smashing Q3 Estimates

Author:

Global Cryptocurrency

Published:

2025-11-14 23:09:01

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BTCCSquare news:

Quantum Computing (QUBT) shares rallied in after-hours trading following a stellar third-quarter performance. Revenue skyrocketed 280% year-over-year to $384,000, obliterating the $117,000 consensus estimate. The surge was fueled by R&D services, custom hardware contracts, and initial sales of its Dirac-3 quantum optimization system.

The company reported net earnings of $0.01 per share, a dramatic reversal from both analyst expectations of a $0.06 loss and the prior-year's $0.06 deficit. Wall Street maintains a Moderate Buy rating with a $32 average price target, suggesting 203% upside potential.

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