Symbotic Fiscal Q2 Swings to Earnings, Revenue Rises; Q3 Guidance Set

MT Newswires Live05-07

Symbotic (SYM) reported fiscal Q2 earnings late Wednesday of $0.01 per diluted share, swinging from a loss of $0.02 a year earlier.

Analysts surveyed by FactSet expected $0.09.

Revenue for the three months ended March 28 was $676.5 million, up from $549.7 million a year earlier.

Analysts polled by FactSet expected $662.7 million.

For Q3, the company expects revenue of $700 million to $720 million. Analysts expect $698.1 million.

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