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Xanadu Quantum lost 11 cents per share last quarter and made $1.31 million, causing analysts to lower their predictions.

ResultsRead the original at Benzinga
Bad for XNDU

Xanadu missed estimates for its quarterly loss per share and sales, and analysts cut their price targets. The CEO described ongoing work, and both analysts kept positive ratings, but the misses and cuts weigh more.

XNDU · Xanadu Quantum Technologies Ltd.

AI read · Bad for XNDU

The AI's read

The missed results show Xanadu fell short of sales and loss estimates. Analysts cut their share-price targets, even as they kept Buy and Outperform ratings. The CEO described work toward a utility-scale quantum computer, but that remains a goal, not a reported result.

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