Symbotic: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Symbotic (NASDAQ:SYM) reported Q4 earnings with an EPS of $-0.08, beating estimates by 33.33% against an expected $-0.12. Revenue increased by $147.48 million compared to the same period last year. Despite beating this quarter, the company's share price dropped 9.33% the day after last quarter's earnings miss.
November 20, 2023 | 9:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Symbotic reported a positive earnings surprise for Q4, with an EPS better than expected and a significant increase in revenue year-over-year.
Symbotic's positive earnings report, with a beat on EPS estimates and a substantial revenue increase, is likely to instill investor confidence and could lead to a short-term uptick in stock price, especially considering the negative reaction to the previous quarter's miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100