Yahoo Finance Quantum Third Quarter 2023 Earnings: Beats Expectations
Quantum (NASDAQ:QMCO) Third Quarter 2023 Results
Key Financial Results
Revenue: US$111.2m (up 17% from 3Q 2022).
Net loss: US$2.17m (loss narrowed by 80% from 3Q 2022).
US$0.023 loss per share (improved from US$0.19 loss in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Quantum Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates by 57%.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Tech industry in the US.
Performance of the American Tech industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Quantum (at least 2 which are a bit concerning), and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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