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Symbotic Shares Drop Despite Solid Earnings as New Product Launch Causes Revenue Uncertainty
Symbotic Shares Drop Despite Solid Earnings as New Product Launch Causes Revenue Uncertainty
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BTCCSquare news:
Symbotic's stock plunged 15.7% on Thursday despite reporting better-than-expected revenue growth of 25.9% to $592.2 million. The warehouse automation specialist's shares had surged 124% year-to-date before earnings, making them ripe for profit-taking after management warned of potential revenue "lumpiness" from its next-generation storage system launch.
The newly unveiled technology promises increased capacity and faster handling, but its commercial debut creates near-term forecasting challenges. Symbotic's tepid Q4 revenue guidance of $590-$610 million—essentially flat sequentially—underscores how even promising innovation can temporarily disrupt growth trajectories in the automation sector.
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