Symbotic Expects Q4 Revenue Of $455M - $475M (Est $516.84M)
Portfolio Pulse from Benzinga Newsdesk
Symbotic has announced its Q4 revenue expectations to be between $455 million and $475 million, which is below the estimated $516.84 million. The company also expects an adjusted EBITDA of $28 million to $32 million.
July 29, 2024 | 8:31 pm
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Symbotic's Q4 revenue expectations are below estimates, which could negatively impact investor sentiment. The adjusted EBITDA projection is also provided.
The revenue expectations falling short of estimates is likely to lead to a negative reaction from investors, potentially causing a short-term decline in the stock price. The adjusted EBITDA projection provides some additional context but is unlikely to offset the negative sentiment from the revenue miss.
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IMPORTANCE 80
RELEVANCE 100