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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.