BUZZ-Symbotic slides as Q2 revenue forecast below estimates
ReutersFeb 6, 2025 11:03 AM
Shares of robotics vendor Symbotic SYM.O down about 16% to $25.98 premarket
Co forecasts Q2 revenue between $510 mln and $530 mln, compared with analysts' estimates of $534.8 mln, according to data compiled by LSEG
SYM reports Q1 revenue of $487 mln, missing estimates of $491 mln
On Jan 28, SYM completed acquisition of Walmart's WMT.N advanced systems and robotic business for $200 mln to enhance operations at WMT's pickup and delivery centers using AI-enabled robotics
Eleven of 19 brokerages rate SYM "buy" or higher, seven "hold" and one "sell"; their median PT is $35
SYM lost 53.8% in 2024
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