Symbotic slides as Q2 revenue forecast below estimates

Symbotic

06/02/2025 11:03

** 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

 (Reporting by Sanchayaita Roy in Bengaluru)
 ((sanchayaita.roy@thomsonreuters.com))