Symbotic (SYM) Restates Financial Results Amid Securities Class Action Over Improper Accounting – Hagens Berman
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Symbotic Inc. (SYM) has restated its financial results for three fiscal 2024 quarters due to significant errors in previously reported revenue and profitability figures. This comes amid a securities class action over improper accounting.

January 13, 2025 | 3:45 pm
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Symbotic Inc. has restated its financial results for three fiscal 2024 quarters, revealing significant errors in revenue and profitability figures. This restatement is linked to a securities class action over improper accounting.
The restatement of financial results indicates significant errors in previously reported figures, which is a negative signal for investors. The ongoing securities class action over improper accounting further exacerbates the situation, likely leading to a short-term decline in stock price.
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