On November 6, IONQ Inc. rose 5.33% Overnight, trading at $27.71/share, with turnover of $21,600. The move followed the company’s latest quarterly report, which showed results and guidance above market expectations.

For the quarter ended September 30, adjusted loss was $0.29 per share, wider than a year earlier but better than the $0.35 to $0.38 loss expected by analysts. Revenue climbed to $173.8 million from $39.9 million a year earlier, exceeding the roughly $141.5 million consensus. IONQ Inc. also raised full-year revenue guidance to $505 million-$515 million, above both its prior $450 million-$460 million outlook and the $456.2 million market expectation.

The rebound came after recent pressure tied to a target price cut, the planned all-stock acquisition of Elisity valued at up to $1.3 billion, and a $2 billion equity offering that expanded dilution concerns. The stronger-than-expected print and upgraded outlook appear to have helped offset part of that overhang.

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