Symbotic Inc. announced its fourth-quarter results, revealing a revenue of $576.76 million, surpassing the analyst consensus estimate of $470.27 million. The company also reported earnings of five cents per share, exceeding expectations of three cents.
This revenue marks a significant increase from $391.88 million in the same quarter last year. CEO Rick Cohen expressed satisfaction with the company's performance, attributing growth to a focus on innovation and customer success.
Looking ahead, Symbotic anticipates first-quarter fiscal 2025 revenue between $495 million and $515 million, with adjusted EBITDA expected to range from $27 million to $31 million.
Following the announcement, Symbotic shares rose 23.21% in after-hours trading, reaching $37.44.