BUZZ-Symbotic falls on delayed annual filing, lowered Q1 revenue forecast

Reuters
2024/11/27
BUZZ-Symbotic falls on delayed annual filing, lowered Q1 revenue forecast

** Shares of robotics vendor Symbotic SYM.O fall 19% to $29 premarket

** SYM says it is unable to file annual report on form 10-K for fiscal year ended Sept. 28 before the due date

** Says it requires additional time to assess financial impacts of correcting error related to system revenue recognition and error in internal controls over financial reporting

** Co says it has identified certain material weakness in internal control over financial reporting for FY ended Sept. 28 and is implementing measures to remediate the issue

** SYM also revises its Q1 revenue forecast to the range of $480 mln to $500 mln vs prior expectation of $495 mln to $515 mln

** SYM went public in June 2022 after the Walmart-backed WMT.N firm merged with SPAC sponsored by Japan's SoftBank 9984.T

** Up to last close, stock down 27% YTD

(Reporting by Priyanka.G in Bengaluru)

((priyanka.g@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10