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Symbotic Inc.

20.41

+0.16000.79%

Post-market: 20.480.0700+0.34%19:55 EDT

Volume:634.25K

Turnover:12.90M

Market Cap:2.20B

PE:-146.46

High:20.64

Open:20.36

Low:19.80

Close:20.25

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Overview Company News Filings

Symbotic Cut to Sector Weight From Overweight by Keybanc

Symbotic Is Maintained at Buy by Needham

Symbotic downgraded to Sector Weight from Overweight at KeyBanc

Symbotic Inc. : Keybanc Cuts to Sector Weight From Overweight

THOMSON REUTERS

Symbotic Outlook Q1 Revenue USD 480-500 Million

THOMSON REUTERS

Symbotic's Accounting Errors Triggers 38% Stock Plunge

Softbank-Backed Symbotic Sinks as Accounting Errors Hit Outlook

Stock Track | Symbotic Plunges 37.78% After Accounting Errors, Lowered Guidance for Revenue and Profitability

Symbotic Shares Slump 35% After Co Cuts Q1 Forecasts, Delays 10-K Filing

THOMSON REUTERS

Symbotic (SYM) Gets a Buy from Craig-Hallum

This $22 billion robotics company's stock is tumbling as accounting errors found

Sector Update: Tech Stocks Flat to Lower Premarket Wednesday

MT Newswires Live

Symbotic Stock Is Dropping on Earnings Restatement, Lowered Outlook -- Barrons.com

Symbotic Inc : D.a. Davidson Cuts to Neutral From Buy; Cuts Target Price to $35 From $50

THOMSON REUTERS

DA Davidson Downgrades Symbotic to Neutral From Buy, Price Target is $35

MT Newswires Live

Symbotic downgraded to Neutral at DA Davidson after more accounting errors found

Symbotic downgraded to Neutral from Buy at DA Davidson

BUZZ-Symbotic falls on delayed annual filing, lowered Q1 revenue forecast

Symbotic Shares Extend Losses; Last Down 27% Premarket

THOMSON REUTERS

Symbotic Cuts Outlook, Delays Filing of Annual Report Over Revenue Error

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12:02 ET (17:02 GMT)","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SYM"],"gpt_icon":0},{"id":"2486728548","title":"Symbotic downgraded to Sector Weight from Overweight at KeyBanc","url":"https://stock-news.laohu8.com/highlight/detail?id=2486728548","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486728548?lang=en_us&edition=fundamental","pubTime":"2024-11-28 00:50","pubTimestamp":1732726211,"startTime":"0","endTime":"0","summary":"KeyBanc analyst Ken Newman downgraded Symbotic (SYM) to Sector Weight from Overweight following the company’s announcement that it found additional...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/symbotic-downgraded-to-sector-weight-from-overweight-at-keybanc?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/symbotic-downgraded-to-sector-weight-from-overweight-at-keybanc?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4585","SYM","BK4588","BK4161"],"gpt_icon":0},{"id":"2486387450","title":"Symbotic Inc. :  Keybanc Cuts to Sector Weight From 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Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2486954871","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486954871?lang=en_us&edition=fundamental","pubTime":"2024-11-28 00:31","pubTimestamp":1732725095,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241127:nPLX0AE72B:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4588","BK4161","BK4585","SYM"],"gpt_icon":0},{"id":"2486087956","title":"Symbotic's Accounting Errors Triggers 38% Stock Plunge","url":"https://stock-news.laohu8.com/highlight/detail?id=2486087956","media":"GuruFocus.com","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486087956?lang=en_us&edition=fundamental","pubTime":"2024-11-27 23:51","pubTimestamp":1732722691,"startTime":"0","endTime":"0","summary":"Symbotic  is feeling the heatbig time. Shares cratered 38% this morning after the company dropped a bombshell: an accounting error tied to revenue recognition is forcing it to delay filing its annual 10-K report for fiscal 2024. Translation?Those shiny revenue and profit numbers it flaunted earlier are now taking a $30$40 million haircut. This isn't just a one-quarter hiccup, eitherit's rippling across multiple quarters, slashing adjusted EBITDA and gross profit in the process. To make matters worse, Symbotic also downgraded its Q1 2025 outlook, cutting revenue expectations to $480$500 million and slashing adjusted EBITDA projections nearly in half.GuruFocus has detected 5 Warning Signs with SYM.Still, it's not all doom and gloom. Symbotic's AI systems and partnerships, like the high-profile deal with Walmart Mexico, still have big upside. The $400 million backlog boost from that deal is a silver lining, even as macro pressures weigh on the broader business. Investors now face a tough ","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/lSFxLwlm3gcWxmLHtsD7mA--~B/aD0xNjcyO3c9MjUwODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/us.finance.gurufocus/33b678ffe9fe7d4309de50dc4cb3421d","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/lSFxLwlm3gcWxmLHtsD7mA--~B/aD0xNjcyO3c9MjUwODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/us.finance.gurufocus/33b678ffe9fe7d4309de50dc4cb3421d"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/symbotics-accounting-errors-triggers-38-155131485.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4161","BK4588","SYM","BK4585"],"gpt_icon":0},{"id":"2486887680","title":"Softbank-Backed Symbotic Sinks as Accounting Errors Hit Outlook","url":"https://stock-news.laohu8.com/highlight/detail?id=2486887680","media":"Bloomberg","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486887680?lang=en_us&edition=fundamental","pubTime":"2024-11-27 22:41","pubTimestamp":1732718465,"startTime":"0","endTime":"0","summary":" -- Symbotic Inc. shares tumbled as much as 39% on Wednesday after the warehouse automation company cut its first-quarter revenue forecast and said it was unable to file its annual filing due to accounting errors.The company, which went public through a merger with a SoftBank Group Corp.-backed SPAC, cut its first-quarter revenue expectations to between $480 million and $500 million, from an earlier target range of $495 million to $515 million. The lowered target also missed the average analyst estimate of $508.4 million, according to data compiled by Bloomberg.The firm’s AI-enabled warehouse automation platform counts the likes of Walmart Inc., Target Corp. and Albertsons Cos Inc. as customers, according to its website.Symbotic said in a statement that its unable to file its Annual Report on Form 10-K for the 2024 fiscal year by the prescribed date, due to needing “additional time to complete its assessment of the financial impacts of correcting an error related to system revenue reco","market":"us","thumbnail":"https://s.yimg.com/uu/api/res/1.2/CMnnVfoOK68gmPciS0kEzQ--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/98ed0857793032ce36249715206bd284","type":0,"news_type":0,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/CMnnVfoOK68gmPciS0kEzQ--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/98ed0857793032ce36249715206bd284"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/softbank-backed-symbotic-sinks-accounting-144105552.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["SFTBY","SFTBF","WMT","SYM","BK4132"],"gpt_icon":0},{"id":"1154611721","title":"Stock Track | Symbotic Plunges 37.78% After Accounting Errors, Lowered Guidance for Revenue and Profitability","url":"https://stock-news.laohu8.com/highlight/detail?id=1154611721","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1154611721?lang=en_us&edition=fundamental","pubTime":"2024-11-27 22:34","pubTimestamp":1732718083,"startTime":"0","endTime":"0","summary":"Shares of Symbotic Inc.  plummeted 37.78% in intraday trading on Wednesday, following the company's announcement of accounting errors and guidance cuts.The robotics company disclosed that it will delay filing its annual report for fiscal year 2024, as it needs additional time to assess and correct an error related to system revenue recognition. Symbotic identified instances where goods and services were expensed before the corresponding milestones were achieved, resulting in the acceleration of ","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["SYM"],"gpt_icon":0},{"id":"2486827354","title":"Symbotic Shares Slump 35% After Co Cuts Q1 Forecasts, Delays 10-K Filing","url":"https://stock-news.laohu8.com/highlight/detail?id=2486827354","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486827354?lang=en_us&edition=fundamental","pubTime":"2024-11-27 22:30","pubTimestamp":1732717846,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241127:nFWN3MY1E4:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4161","BK4585","SYM","BK4588"],"gpt_icon":0},{"id":"2486382241","title":"Symbotic (SYM) Gets a Buy from Craig-Hallum","url":"https://stock-news.laohu8.com/highlight/detail?id=2486382241","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486382241?lang=en_us&edition=fundamental","pubTime":"2024-11-27 22:15","pubTimestamp":1732716945,"startTime":"0","endTime":"0","summary":"In a report released today, Greg Palm from Craig-Hallum maintained a Buy rating on Symbotic (SYM – Research Report). The company’s shares closed ye...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/symbotic-sym-gets-a-buy-from-craig-hallum-2?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/symbotic-sym-gets-a-buy-from-craig-hallum-2?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4161","SYM","BK4588","BK4585"],"gpt_icon":0},{"id":"2486228258","title":"This $22 billion robotics company's stock is tumbling as accounting errors found","url":"https://stock-news.laohu8.com/highlight/detail?id=2486228258","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486228258?lang=en_us&edition=fundamental","pubTime":"2024-11-27 22:12","pubTimestamp":1732716720,"startTime":"0","endTime":"0","summary":"Symbotic said investors should no longer rely on its Q4 results, which had sent the stock soaring 28%. Symbotic Inc. is another example of how damaging it can be for a company's stock if management doesn't keep a close eye on accounting practices.The robotics company , which had a market capitalization of $21.9 billion as of Tuesday's close, uses its artificial intelligence-powered software platform to automate warehouses for retailers and food companies.Symbotic currently has an automation agreement to implement its systems in all of Walmart Inc.'s  42 regional distribution centers.On Wednesday, the company said it can't file its annual report on time, because it needs extra time to correct accounting errors, and how those errors affect internal controls over financial reporting.On Wednesday, Symbotic said it found additional accounting errors, this time related to the improper recognition of revenue. As a result, the company said its fiscal fourth-quarter results \"should no longer be","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4532","LU0640476718.USD","LU2125154778.USD","LU1988902786.USD","BK4220","LU1116320901.HKD","BK4103","LU1035773651.USD","LU0256863811.USD","LU1430594728.SGD","MIMI","LU2592432038.USD","BK4170","LU2361044949.HKD","LU2505996681.GBP","LU0265550359.USD","BK4504","BK4597","M","LU1066051225.USD","LU2430703095.HKD","BK4533","LU2430703251.USD","BK4581","LU0149725797.USD","BK4161","LU2125154935.USD","LU0053671581.USD","LU1585245621.USD","BK4585","LU2430703178.SGD","LU0175139822.USD","SMCI","WMT","IE0034235188.USD","LU2505996509.AUD","LU0417517546.SGD","LU1066051498.USD","LU1814569148.SGD","BK4588","LU0211327993.USD","LU1861220033.SGD","LU2361044865.SGD","SYM","LU2360032135.SGD","BK4550","LU2264538146.SGD","LU1861215975.USD","LU1280957306.USD","LU2461242641.AUD"],"gpt_icon":1},{"id":"2486382406","title":"Sector Update: Tech Stocks Flat to Lower Premarket Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=2486382406","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486382406?lang=en_us&edition=fundamental","pubTime":"2024-11-27 22:05","pubTimestamp":1732716359,"startTime":"0","endTime":"0","summary":"Technology stocks were flat to lower premarket Wednesday as the SPDR S&P Semiconductor ETF (XSD) was inactive and the Technology Select Sector SPDR Fund (XLK) was down 0.6% recently.Dell Technologies ","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["XLK","BK4141","SYM","BK7016","DELL","BK4161","BK4170","BK4515","BK4585","LU0267386448.USD","BK4588","AMBA","XSD","SYM.AU","BK4535"],"gpt_icon":1},{"id":"2486053824","title":"Symbotic Stock Is Dropping on Earnings Restatement, Lowered Outlook -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2486053824","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486053824?lang=en_us&edition=fundamental","pubTime":"2024-11-27 22:05","pubTimestamp":1732716300,"startTime":"0","endTime":"0","summary":"Symbotic stock slumped in premarket trading Wednesday after the robotics company restated 2024 earnings and slashed its outlook.Shares tumbled 24% to $26.80, marking the largest single-day drop since Feb. 6, when Symbotic reported an earnings disappointment.Wednesday's decline came after Symbotic reported that it wouldn't meet the deadline for filing its 10-K annual report for the fiscal year ended Sep. 28.The company, which builds artificial intelligence-powered systems for warehouse clients in the U.S. and Canada, cited the need to assess the financial impact of an error \"related to system revenue recognition.\". About a week ago, Symbotic posted revenue of $577 million, net income of $28 million, and adjusted earnings before interest, taxes, depreciation, and amortization of $55 million for the fiscal fourth quarter. Now these numbers are expected to take a hit of $30 million to $40 million.The company also changed its fiscal-first-quarter outlook to revenue of $480 million to $500 m","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SYM"],"gpt_icon":0},{"id":"2486094821","title":"Symbotic Inc :  D.a. Davidson Cuts to Neutral From Buy; Cuts Target Price to $35 From $50","url":"https://stock-news.laohu8.com/highlight/detail?id=2486094821","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486094821?lang=en_us&edition=fundamental","pubTime":"2024-11-27 21:43","pubTimestamp":1732715008,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241127:nFWN3MY19J:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4585","BK4588","SYM","BK4161"],"gpt_icon":0},{"id":"2486821421","title":"DA Davidson Downgrades Symbotic to Neutral From Buy, Price Target is $35","url":"https://stock-news.laohu8.com/highlight/detail?id=2486821421","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486821421?lang=en_us&edition=fundamental","pubTime":"2024-11-27 21:38","pubTimestamp":1732714704,"startTime":"0","endTime":"0","summary":"Symbotic (SYM) has an average rating of overweight and mean price target of $42.07, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research from major bank","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["SYM"],"gpt_icon":0},{"id":"2486821232","title":"Symbotic downgraded to Neutral at DA Davidson after more accounting errors found","url":"https://stock-news.laohu8.com/highlight/detail?id=2486821232","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486821232?lang=en_us&edition=fundamental","pubTime":"2024-11-27 21:30","pubTimestamp":1732714227,"startTime":"0","endTime":"0","summary":"As previously reported, DA Davidson analyst Matt Summerville downgraded Symbotic (SYM) to Neutral from Buy with a price target of $35, down from $5...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/symbotic-downgraded-to-neutral-at-da-davidson-after-more-accounting-errors-found?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/symbotic-downgraded-to-neutral-at-da-davidson-after-more-accounting-errors-found?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4161","BK4585","SYM","BK4588"],"gpt_icon":0},{"id":"2486821219","title":"Symbotic downgraded to Neutral from Buy at DA 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ma...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/symbotic-downgraded-to-neutral-from-buy-at-da-davidson-2?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/symbotic-downgraded-to-neutral-from-buy-at-da-davidson-2?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["SYM","BK4585","BK4161","BK4588"],"gpt_icon":0},{"id":"2486382138","title":"BUZZ-Symbotic falls on delayed annual filing, lowered Q1 revenue forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=2486382138","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2486382138?lang=en_us&edition=fundamental","pubTime":"2024-11-27 21:19","pubTimestamp":1732713582,"startTime":"0","endTime":"0","summary":"BUZZ-Symbotic falls on delayed annual filing, lowered Q1 revenue forecast** Shares of robotics vendor Symbotic SYM.O fall 19% to $29 premarket** SYM says it is unable to file annual report on form 10-K for fiscal year ended Sept. 28 before the due date** Says it requires additional time to assess financial impacts of correcting error related to system revenue recognition and error in internal controls over financial reporting** Co says it has identified certain material weakness in internal control over financial reporting for FY ended Sept. 28 and is implementing measures to remediate the issue** SYM also revises its Q1 revenue forecast to the range of $480 mln to $500 mln vs 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