04:33 PM EDT, 05/06/2024 (MT Newswires) -- Symbotic ( SYM ) reported a fiscal Q2 loss late Monday of $0.07 per diluted share, narrowing from a loss of $0.10 a year earlier.

Analysts polled by Yahoo Finance expected a loss of $0.05.

Revenue for the quarter ended March 30 was $424.3 million, up from $266.9 million a year earlier.

Analysts surveyed by Yahoo Finance expected $412.9 million.

For fiscal Q3, the automation technology company is projecting revenue of $450 million to $470 million. Analysts polled by Yahoo Finance expect $447.6 million.

Shares of the company were up nearly 11% in after-hours trading.

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