D-Wave Quantum Analysts Slash Their Forecasts After Q1 Results
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D-Wave Quantum Inc. reported mixed Q1 results, beating earnings estimates with a loss of 5 cents per share but missing revenue expectations at $2.85 million. Bookings surged 1,994% year-over-year to $33.4 million. Following the earnings announcement, analysts lowered their price targets, with Mizuho reducing it from $31 to $29 and Canaccord Genuity from $43 to $41. D-Wave shares fell 3% to $21.68.
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