Symbotic Stock Falls On Q3 Earnings: What Investors Need To Know

Quick Summary:

Q3 Earnings: Symbotic reported fiscal third-quarter revenue of $491.862 million, beating analyst estimates of $464.55 million, according to Benzinga Pro.

Symbotic Inc (NASDAQ:SYM) shares are tumbling in Monday’s after-hours session on the heels of the company’s third-quarter financial results.

The company reported an earnings loss of 2 cents per share, missing estimates for positive earnings of 1 cent per share.

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: After-Hours Center Movers Tech News Why it's moving Robots SYM Earnings Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 20:43:28 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 267 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21837628

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