Symbotic Inc. (SYM) shares plummeted 12.39% in the 24 hours leading up to Wednesday's close, following the company's fiscal Q1 2025 earnings report that missed revenue expectations and provided weaker-than-anticipated guidance.
The robotics automation company reported earnings per share of -$0.03 for the quarter, matching analysts' estimates. However, Symbotic's revenue of $486.7 million fell short of the consensus estimate of $490 million.
More concerningly for investors, the company guided for fiscal Q2 revenue in the range of $510 million to $530 million, trailing analysts' projections of $533.3 million. This weaker-than-expected outlook exacerbated the negative sentiment around the quarterly results, sparking a sell-off in Symbotic's shares.
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