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 30, 2024 | 10:42 am
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Symbiotic reported Q3 earnings that missed expectations and provided Q4 revenue guidance below estimates, leading to a decline in its stock price.
The company's worse-than-expected Q3 earnings and lower-than-expected Q4 revenue guidance are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100