10 Firms Hit Hard in Thursday’s Trading

3. Symbotic Inc. (NASDAQ:SYM)

Shares of Symbotic Inc. declined by 15.94 percent to end Thursday’s trading at $25.99 apiece following disappointing profit performance in the first quarter of fiscal year 2025.

In its latest earnings release, Symbotic registered a 22.5-percent wider net loss attributable to shareholders at $3.4 million versus the $2.8 million registered in the same period a year earlier, despite revenues increasing by 35 percent to $487 million from $360 million.

Net loss alone narrowed by 3 percent to $18.5 million from $19.07 million year-on-year.

For the second quarter of fiscal year 2025, Symbotic said it expects revenue to settle between $510 million and $530 million, while adjusted EBITDA was projected to end between $26 million to $30 million.

“Looking forward to the fiscal second quarter of 2025, we expect another quarter of at least 30 percent year-over-year revenue growth with expanding margins,” said Symbotic Chief Financial Officer Carol Hibbard.