Symbotic Q3 2024 GAAP EPS $(0.02) Misses $0.01 Estimate, Sales $491.862M Beat $464.550M Estimate
Portfolio Pulse from Benzinga Newsdesk
Symbotic (NASDAQ:SYM) reported Q3 2024 GAAP EPS of $(0.02), missing the $0.01 estimate, but achieved sales of $491.862M, beating the $464.550M estimate. Sales increased by 57.73% year-over-year.
July 29, 2024 | 8:11 pm
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Symbotic reported a Q3 2024 GAAP EPS of $(0.02), missing the analyst estimate of $0.01 by 300%. However, the company achieved sales of $491.862M, beating the $464.550M estimate by 5.88% and marking a 57.73% increase year-over-year.
The mixed results, with a significant EPS miss but a strong sales beat and impressive year-over-year growth, create a neutral short-term outlook. Investors may weigh the earnings miss against the strong revenue performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100