"Symbotic Inc. Q1 Earnings: Stock Plunges Despite Beating Revenue Estimates"
TL;DR Summary
Symbotic Inc. (SYM) reported a quarterly loss of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.05, but lagging revenue estimates. The company's revenues for the quarter ended December 2023 were $368.45 million, missing the Zacks Consensus Estimate by 0.49%. Symbotic Inc. shares have underperformed the market, and its future stock performance will depend on management's commentary on the earnings call and earnings outlook. The current Zacks Rank for the stock is #3 (Hold), indicating expected performance in line with the market.
- Symbotic Inc. (SYM) Reports Q1 Loss, Lags Revenue Estimates Yahoo Finance
- SYM Stock: Symbotic Posts In-Line Results Investor's Business Daily
- This AI-Powered Robotics Company that is Changing E-Commerce Reports Earnings Today Zacks Investment Research
- Symbotic Stock Plunges 19% Despite Earnings Beating and Revenue Meeting Wall Street's Estimates The Motley Fool
- SYM Stock Alert: Why This AI Play Is Cratering 20% Today InvestorPlace
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