BOUNCE

[cintrix]

SYM down 24% Symbotic (SYM) is falling sharply today following its Q1 (Dec) report. This warehouse automation technology company, which uses AI and robotics, reported that revenue jumped 79% yr/yr to $368.5 mln. That was impressive growth and was at the high end of prior guidance of $350-370 mln.
However, it was only in-line with analyst estimates. Analysts and investors have become accustomed to big upside results, so there is a bit of a letdown with this result.