Symbotic Q4 EPS $(0.08), Sales $392.00M Beat $306.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Symbotic (NASDAQ:SYM) reported Q4 earnings with a loss of $(0.08) per share, surpassing the consensus estimate of $(0.12) by 33.33%. Year-over-year, this reflects a 20% improvement in earnings. The company's quarterly sales reached $392.00M, exceeding expectations by 27.73% and marking a 60.38% increase from the previous year's $244.41M.
November 20, 2023 | 9:01 pm
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POSITIVE IMPACT
Symbotic reported better-than-expected Q4 earnings and sales, indicating a positive trend in the company's financial performance.
Symbotic's earnings and sales beat not only demonstrates the company's ability to outperform market expectations but also shows significant improvement from the previous year. This positive earnings report is likely to instill investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100