Recap: Symbotic Q1 Earnings
Portfolio Pulse from Benzinga Insights
Symbotic (NASDAQ:SYM) reported Q1 earnings with an EPS of $-0.02, beating estimates by 66.67% and showing significant revenue growth of $162.14 million from the previous year. The company has a history of surpassing EPS estimates, leading to substantial share price increases.
February 05, 2024 | 9:20 pm
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POSITIVE IMPACT
Symbotic reported a significant beat on Q1 earnings and a substantial year-over-year revenue increase, continuing its trend of surpassing EPS estimates.
Symbotic's Q1 earnings beat and historical performance of share price increases following earnings beats suggest a positive short-term impact on its stock price. The significant revenue growth further supports the positive outlook.
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