Symbotic Inc. shares surged 40% in Tuesday trading after the warehouse-automation company reported fiscal fourth-quarter results that showed gains in key metrics, including revenue, margins and cash generation.
Quarterly revenue rose to $618 million from $565 million a year earlier, matching Wall Street’s estimate, underscoring steady demand for its A.I.-enabled warehouse systems.
Kohl's on Tuesday projected a smaller drop in sales and bigger profit for the full year ahead of the new CEO's first holiday season at the helm, triggering a 34% surge in the U.S. department-store operator's shares in early trading.
The second annual forecast raise this year signals early success of its turnaround under Michael Bender, who was named permanent CEO a day earlier, as the retailer adds more coupon-eligible products and invests in proprietary brands to attract value-focused shoppers.
Zoom raised its annual revenue and profit forecasts on Monday, benefiting from hybrid work trends and the integration of artificial intelligence into its products.
Shares of the company rose 11% in Tuesday trading.
China-based Pony AI Inc stock gained 7% on Tuesday after it reported its third-quarter results.
Sales of the autonomous driving technology developer grew 72.0% year-over-year (Y/Y) to $25.44 million (181.1 million Chinese yuan), mainly driven by rapid growth in Robotaxi services and Licensing and Applications revenues.