TECH - What's Going On With QuantumScape Stock? | Benzinga
Quantumscape Corp (NYSE: QS) shares were volatile in Wednesday's after-hours session after the company reported third-quarter financial results.
What Happened: QuantumScape reported a third-quarter loss of 23 cents per share, which beat estimates for a loss of 30 cents per share, per Benzinga Pro.
QuantumScape said operating expenses totaled $121 million in the quarter. Capital expenditures came in at $18 million.
The company maintained its full-year cash operating expense outlook of $225 million to $275 million and revised its capex guidance lower to a range of $75 million to $100 million.
QuantumScape noted it ended the quarter with ...