Symbiotic shares are trading lower after the company reported worse-than-expected Q3 earnings results and issued Q4 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Symbiotic shares are trading lower after the company reported worse-than-expected Q3 earnings results and issued Q4 revenue guidance below estimates.
July 29, 2024 | 8:49 pm
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NEGATIVE IMPACT
Symbiotic shares are trading lower due to disappointing Q3 earnings and lower-than-expected Q4 revenue guidance.
The company's worse-than-expected Q3 earnings and lower Q4 revenue guidance are likely to negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100