Symbotic Q1 EPS $(0.02) Beats $(0.06) Estimate, Sales $368.45M Miss $368.86M Estimate
Portfolio Pulse from totan@benzinga.com
Symbotic (NASDAQ:SYM) reported Q1 EPS of $(0.02), beating estimates of $(0.06) and marking an 83.33% improvement from last year. However, their sales of $368.45M slightly missed estimates by 0.11%, despite being a 78.59% increase from the previous year.
February 05, 2024 | 9:17 pm
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Symbotic reported a Q1 EPS of $(0.02), surpassing estimates and showing significant year-over-year improvement. Sales increased by 78.59% from the previous year, despite a slight miss against estimates.
The positive earnings surprise and significant year-over-year growth in sales, despite a minor miss on the sales estimate, suggest a strong operational performance. This could lead to increased investor confidence and a potential short-term uptick in SYM's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100