"Symbotic Inc. Q1 Earnings: Stock Plunges Despite Beating Revenue Estimates"
Originally Published 1 year ago — by Yahoo Finance
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.