Symbotic Inc. (NASDAQ: SYM) witnessed a significant plunge of 13.65% in its stock price during after-hours trading on Wednesday, following the company's fiscal Q1 2025 earnings release.
The robotics automation company reported a loss per share of $0.03 for the quarter, matching analysts' expectations. However, Symbotic's revenue of $486.7 million fell short of the consensus estimate of $490 million, missing by a narrow margin.
Adding to investors' concerns, the company provided weaker-than-anticipated revenue guidance for the upcoming fiscal Q2. Symbotic expects revenue in the range of $510 million to $530 million, while analysts were projecting $533.3 million.
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