Needham Reiterates Buy on Symbotic, Maintains $75 Price Target
Needham analyst James Ricchiuti reiterates Symbotic (NASDAQ:SYM) with a Buy and maintains $75 price target.
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Symbotic Q3 EPS $0.09 Beats $0.08 Estimate, Sales $720.838M Beat $715.141M Estimate
Symbotic (NASDAQ:SYM) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.08 by 12.5 percent. This is a 280 percent increase over losses of $(0.05) per share from the same
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Symbotic Sees Q4 Sales $760.000M-$780.000M vs $770.734M Est
Symbotic (NASDAQ:SYM) sees Q4 sales of $760.000 million-$780.000 million vs $770.734 million analyst estimate.
Read original at benzingaShares of machinery-related companies are trading higher as declining oil prices help ease inflation concerns. Lower financing costs could support capital investment and boost demand for heavy equipment and other large industrial purchases.
Read original at benzinga