Symbotic Q2 2024 GAAP EPS $(0.07) Misses $(0.05) Estimate, Sales $424.301M Beat $412.903M Estimate
Portfolio Pulse from Benzinga Newsdesk
Symbotic reported Q2 2024 earnings with a GAAP EPS of $(0.07), missing the $(0.05) estimate, and sales of $424.301M, beating the $412.903M estimate. This represents a 250% decrease in EPS and a 59% increase in sales year-over-year.
May 06, 2024 | 8:01 pm
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NEUTRAL IMPACT
Symbotic's Q2 2024 earnings report showed a miss on EPS estimates but a beat on sales forecasts, indicating mixed financial performance.
The miss on the EPS estimate by 40% could concern investors about profitability, while the significant beat on sales estimates and a 59% year-over-year sales growth might signal strong demand for Symbotic's products. The mixed results present a neutral short-term impact as the positive sales performance could offset concerns over the EPS miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100