On November 6, IONQ Inc. rose 6.51% in Regular Trading, trading at $29.43 per share, with turnover of $177 million.

The main catalyst was the company’s latest quarterly results and stronger full-year revenue guidance, which outweighed a same-day price-target reduction from Morgan Stanley to $40 from $43 while maintaining an Equalweight rating.

IONQ Inc. reported third-quarter adjusted loss of $0.29 per share, better than the expected loss of $0.35 to $0.38, while revenue climbed to $173.8 million from $39.9 million a year earlier and exceeded expectations of about $141.5 million. The company also raised full-year revenue guidance to $505 million-$515 million, above its prior $450 million-$460 million outlook and ahead of the $456.2 million consensus. Earlier weakness had been tied to dilution and integration concerns following the Elisity acquisition and a $2 billion equity offering, but the earnings beat and guidance increase provided a clearer near-term operating offset.

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