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.
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As We Expected, Lofty Symbotic Revenue and…
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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.