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Symbotic Stock Plummets 13.49% After Disappointing Revenue Forecast

Symbotic's stock experienced a significant decline in after-hours trading on February 5th, following the company's announcement that its second-quarter revenue forecast fell short of analysts' expectations. The company did not provide specific figures in the announcement, but the market's reaction suggests that investors were anticipating stronger guidance. The shortfall in the revenue forecast has raised concerns about Symbotic's growth trajectory and its ability to meet market expectations in the near term.

The stock closed at $30.92, marking a 2.05% increase from the previous day's close of $30.30. However, after the market closed, the stock plummeted by 13.49%, bringing the price down to $26.75.