Rigetti Computing falls as Q1 results meet estimates (RGTI:NASDAQ)

Rigetti Computing shares fell 2.5% in extended trading after reporting first-quarter results that were largely in line with Wall Street estimates. The company said it lost an adjusted $0.04 per share for the period ended March 31. The move suggests a modest negative reaction to a non-surprising earnings update rather than a major fundamental shift.

Analysis

Rigetti Computing shares fell 2.5% in extended trading after reporting first-quarter results that were largely in line with Wall Street estimates. The company said it lost an adjusted $0.04 per share for the period ended March 31. The move suggests a modest negative reaction to a non-surprising earnings update rather than a major fundamental shift.