Symbotic Shares Close To Hit 52-Week Low as Financial Errors Cloud Growth Outlook

Symbotic Shares Close To Hit 52-Week Low as Financial Errors Cloud Growth Outlook

Symbotic Inc., an AI-powered warehouse automation business, faces a significant stock drop due to income recognition errors and delays in financial reporting. The company expects a decrease in adjusted EBITDA and revenue, raising concerns about its governance and future prospects in the robotics and automation sector.

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