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Quantum Computing Inc (QUBT) Shares Surge on Unexpected Q1 Profit
Quantum Computing Inc (QUBT) Shares Surge on Unexpected Q1 Profit
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Quantum Computing Inc’s stock rallied 11.8% in premarket trading after defying analyst expectations with a surprise Q1 profit. The quantum technology firm posted $0.11 EPS, starkly contrasting with the anticipated $0.07 loss, while net income swung to $17 million from a $6.4 million deficit year-over-year.
Revenue fell short at $39,000 versus $100,000 projections, but investors focused on the profitability milestone and completion of its Arizona quantum photonic chip foundry. The market’s bullish response underscores growing appetite for quantum computing plays, though the sector remains speculative compared to established crypto assets.
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