Symbotic Fiscal Q1 Swings to Profit, Revenue Rises; Fiscal Q2 Revenue Guidance Issued

MT Newswires Live02-05

Symbotic (SYM) reported fiscal Q1 earnings late Wednesday of $0.02 per diluted share, swinging from a loss of $0.03 a year earlier.

Analysts polled by FactSet expected $0.01.

Revenue for the three months ended Dec. 27 was $630 million, up from $486.7 million a year earlier.

Analysts surveyed by FactSet expected $622.6 million.

For fiscal Q2, the company expects revenue of $650 million to $670 million. Analysts expect $639.5 million.

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