
Symbotic Inc. ($SYM) reported its fourth-quarter earnings for fiscal 2024, revealing a revenue of $577 million, significantly surpassing analysts' expectations of $470.3 million. The company also posted a net income of $28 million and adjusted EBITDA of $55 million, both exceeding estimates. The earnings per share (EPS) stood at $0.05, beating the forecast of $0.03. Looking ahead, Symbotic provided guidance for the first quarter of fiscal 2025, expecting revenue between $495 million and $515 million, with adjusted EBITDA projected between $27 million and $31 million. Following the announcement, Symbotic's stock surged, with pre-market trading showing an increase of approximately 27.5%. This performance reflects a year-over-year revenue growth of 47%.
$SYM is trying to break out after beating earnings estimates. 35% of their float is short, so if it goes above 41, we might see a short squeeze. https://t.co/jpcIImdb3Y
Symbotic $SYM jumps +25% after swinging to a profit for Q4 EPS of $0.05 beat by $0.02 Revenue of $576.76M beat by $106.49M, and increased +47% y/y https://t.co/DlJoTdWiZz
$SYM +30% on this lol https://t.co/5o9XZ9tKup





