Symbotic jumps after Q1 revenue beat

Shares of AI robotics firm Symbotic SYM.O jump 8.1% to $57.80 premarket after co beats Q1 revenue estimates

Co posts Q1 rev of $629.9 mln, above analyst est. of $623.1 mln - LSEG data

Co expects Q2 revenue of $650 mln to $670 mln

Outperformance was driven by Software and Operations margins and better expense management - TD Cowen analysts

Seven analysts rate stock "buy" or higher, 11 rate it "hold", three "sell"; median PT at $62 - data compiled by LSEG

As of last close, SYM stock down 10.1% YTD