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SYM

Symbotic Inc.

https://www.symbotic.com

Industry

Shell Companies

Symbotic Inc., an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. It offers The Symbotic System, a full-service warehouse automation system that reduces costs, improves efficiency, and maximizes inventory. The company is based in Wilmington, Massachusetts.

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Symbotic Inc. reported mixed Q1 financial results with a slight earnings beat but missed sales estimates, leading to a 20.2% drop in pre-market trading. Other stocks like FMC Corporation, Rambus Inc., Chegg, Inc., Nyxoah S.A., Plug Power Inc., Amkor Technology, Inc., UBS Group AG, and Tesla, Inc. also saw declines in pre-market trading due to various reasons including poor quarterly results, weak guidance, and previous day losses.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 10:42 am

Keybanc analyst Ken Newman maintains an Overweight rating on Symbotic (SYM) but lowers the price target from $63 to $55.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:09 am

On a day when U.S. stocks traded lower, Palantir, Nvidia, Eli Lilly, Symbotic, and Tesla were among the most watched by investors. Palantir's stock fell despite a revenue increase, Nvidia surged on a bullish forecast by Goldman Sachs, Eli Lilly rose in anticipation of its weight-loss drug, Symbotic's shares dropped after mixed financial results, and Tesla declined amid concerns over alleged illegal drug use by its CEO.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 1:45 am

Symbotic Inc. (NASDAQ:SYM) reported mixed Q1 financial results, with earnings beating analyst estimates but sales slightly missing expectations. The company announced a significant year-over-year sales increase and provided optimistic guidance for Q2. Despite this, SYM shares fell 19.4% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 05, 2024 | 9:55 pm

In Monday's after-market session, several industrials stocks showed notable movements. Amprius Technologies, Azul, Wheels Up Experience, Nauticus Robotics, Kforce, and Momentus were among the gainers, with increases ranging from 4.21% to 4.9%. On the downside, Symbotic, C3is, Pineapple Energy, Royalty Management Holdings, Agrify, and Greenland Technologies experienced declines between 3.86% and 19.4%. Kforce's rise followed its Q4 earnings release, while Symbotic's drop was linked to its Q1 earnings report.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:31 pm

Symbotic's stock trades lower following mixed financial results for Q1.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 9:28 pm

Symbotic (NASDAQ:SYM) reported Q1 earnings with an EPS of $-0.02, beating estimates by 66.67% and showing significant revenue growth of $162.14 million from the previous year. The company has a history of surpassing EPS estimates, leading to substantial share price increases.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:20 pm

Symbotic (NASDAQ:SYM) reported Q1 EPS of $(0.02), beating estimates of $(0.06) and marking an 83.33% improvement from last year. However, their sales of $368.45M slightly missed estimates by 0.11%, despite being a 78.59% increase from the previous year.

Portfolio Pulse from totan@benzinga.com

February 05, 2024 | 9:17 pm

Earnings reports for February 5, 2024, include a mix of expected profits and losses across various sectors. Notable companies like McDonald's, Tyson Foods, and Caterpillar are among those reporting, with a range of earnings per share and revenue projections.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 10:20 am

Today's whale activity in the Industrials sector highlighted unusual options trading for several companies, including bearish, bullish, and neutral sentiments across various expiration dates and strike prices. Notable trades were observed in CAT, BE, UBER, AAL, CPRT, SYM, BA, HTZ, VRT, and DE, with significant total trade prices and volumes indicating potential market movements.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:35 pm

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