As We Expected, Lofty Symbotic Revenue and Profit Expectations Should Come Down Following Poor FQ4 Guidance; Shares Down 20% - HOLD
industrialanalyst.substack.com
Symbotic reported mixed FQ2 results with revenues coming in above the Company’s previous guidance and consensus expectations, but higher than expected implementation costs drove lower gross margins and in-turn adjusted EBITDA to come in below Management and Street estimates.
As We Expected, Lofty Symbotic Revenue and Profit Expectations Should Come Down Following Poor FQ4 Guidance; Shares Down 20% - HOLD
As We Expected, Lofty Symbotic Revenue and…
As We Expected, Lofty Symbotic Revenue and Profit Expectations Should Come Down Following Poor FQ4 Guidance; Shares Down 20% - HOLD
Symbotic reported mixed FQ2 results with revenues coming in above the Company’s previous guidance and consensus expectations, but higher than expected implementation costs drove lower gross margins and in-turn adjusted EBITDA to come in below Management and Street estimates.