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Symbotic Fiscal Q4 Swings to Net Income as Revenue Rises; Q1 Guidance Set
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Symbotic Fiscal Q4 Swings to Net Income as Revenue Rises; Q1 Guidance Set
Nov 19, 2024 9:19 PM

04:21 PM EST, 11/18/2024 (MT Newswires) -- Symbotic ( SYM ) reported fiscal Q4 net income late Monday of $0.05 per diluted share, swinging from a loss of $0.08 a year earlier.

Revenue in the three months ended Sept. 28 rose to $576.8 million from $391.9 million a year earlier.

The company expects fiscal Q1 revenue of $495 million to $515 million.

The company's shares surged 13% in recent after-hours activity.

Price: 34.40, Change: +3.84, Percent Change: +12.57

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