Warehouse automation developer that counts Walmart and Target as customers delays release of annual report

Financial Times

London

Greater London

England

United Kingdom

Shares of SoftBank-backed Symbotic plunge after accounting errors

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Nikkei Inc.

The maker of AI-enabled robotics technology is restating its fiscal 2024 results and lowered its guidance for fiscal Q1 2025.

The Motley Fool

Alexandria

Virginia

United States

AI Stock Symbotic Plunged 36% on Wednesday Due to Accounting Errors. What Should Investors Do? @themotleyfool #stocks $SYM

Jingletree

AI Stock Symbotic Plunged 36% on Wednesday Due to Accounting Errors. What Should Investors Do?

Symbotic Inc. (SYM), a leading robotics and automation company, saw its stock plummet by nearly 40% on Wednesday, following an announcement that it would require additional time to file its annual report.  The company cited “material weaknesses” in its financial reporting controls and revealed it had identified several errors in its recent financial statements. As a result, Symbotic also lowered its sales guidance for the current fiscal quarter.…

Invezz

Symbotic stock sinks 40% after financial errors and lowered sales forecast

Shares of warehouse automation firm Symbotic (NASDAQ: SYM) slumped more than 35% in afternoon trading on Wednesday after the Walmart-backed company delayed the

abbonews.com

Symbotic (NASDAQ: SYM) Stock Tumbles on Delayed Annual Filing, Financial Reporting Concerns

Symbiotic Inc (NASDAQ: SYM), a warehouse efficiency company harnessing the power of AI and robotics, just reported that there had been significant errors in its recently released financial results.

Shares of SoftBank-backed Symbotic plunge after accounting errors

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