Symbotic is trading 8.43% down now at $42.52 after investors reacted negatively to its August 5 earnings report despite strong revenue and profitability growth.
- Fiscal Q3 revenue reached $721 million, up 22% year over year, while net income was $55 million
- Adjusted EBITDA more than doubled to $95 million
- Investors also questioned the timing of longer-term growth catalysts