Symbotic's stock drops 21.2% after Q3 results, despite beating sales expectations, earnings fell short.
Symbotic's stock plummets following Q3 results, with a 21.2% drop in share price. Despite beating sales expectations, earnings fell short. Symbotic's Q3 sales reached $491.86 million, while earnings amounted to a loss of $0.02 per share. The company's system gross margin also fell below expectations due to extended construction schedules and implementation costs.
July 29, 2024
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