Symbiotic Analysts Slash Their Forecasts After Weak Earnings

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Symbotic Inc. (NASDAQ:SYM) reported worse-than-expected third-quarter earnings results and issued fourth-quarter revenue guidance below estimates on Monday.

Symbotic reported fiscal third-quarter revenue of $491.862 million, beating analyst estimates of $464.55 million, according to Benzinga Pro. The company reported an earnings loss of 2 cents per share, missing estimates for positive earnings of 1 cent per share.

“Our teams continue to focus on execution of the 39 systems we have in deployment, which is reflected …

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