QuantumScape Stock Dips Despite Narrowing Losses

QuantumScape (NYSE:QS) stock dipped as much as 5% in after-market trading on Feb. 14 after the company released its fourth-quarter earnings. The firm reported losses per share of 23 cents, a slight improvement over analysts’ prediction for a loss of 34 cents, and outlined plans for 2024.As expected, the Silicon Valley-based company did not generate revenue in the quarter. Wall Street analysts do not expect the startup to generate meaningful sales until at least 2026. Meanwhile, cost-cutting measures previou ...