Why Symbotic Fell Hard Today, Even After Good Results
The warehouse automation company fell as the transition to its next-gen storage technology may cause a revenue hiccup in the near future.Shares of warehouse automation specialist Symbotic (SYM -12.77%) fell 15.7% on Thursday as of 1 p.m. ET.Symbotic reported earnings last night that were actually fairly good. However, the company also unveiled its next-generation storage product, which management noted could lead to some delays or lumpiness in recognized revenue in the near future.Symbotic sees profit-takin ...