Symbotic Swings to Fiscal Q3 Earnings, Revenue Rises; Shares Fall After Hours
Symbotic (SYM) reported fiscal Q3 earnings late Wednesday of $0.09 per diluted share, swinging from the loss of $0.04 a year earlier.Analysts polled by FactSet expected earnings of $0.13.Revenue in the three months ended June 27 rose to $720.8 million from $592.1 million a year earlier.Analysts projected $715 million.The company expects Q4 revenue of $760 million to $780 million.Analysts project $769.9 million.Symbotic shares fell 5.7% in after-hours trading.