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Is It Too Late to Buy Symbotic Stock?

TheMotleyFool

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Is It Too Late to Buy Symbotic Stock?: https://g.foolcdn.com/editorial/images/756041/warehouse_robots.jpg

Share prices of Symbotic (NASDAQ: SYM) soared 40% on Nov. 21 after the warehouse automation company posted its latest earnings report. For the fourth quarter of fiscal 2023, which ended on Sept. 30, its revenue rose 60% year over year to $391.9 million and beat analysts' estimates by $85.1 million. Its net loss widened from $5.5 million to $6.2 million, or $0.08 per share, but still cleared the consensus forecast by a nickel.

Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at positive $13.3 million, compared to negative $20.5 million a year ago, and marked its first quarter of adjusted EBITDA profitability.

Image source: Getty Images.

Source Fool.com

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