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Business

Symbotic's Accounting Errors Triggers 38% Stock Plunge - Yahoo Finance

Revenue recognition blunder exposes internal control flaws, wiping billions off Symbotic's market value.

By: Yahoo Entertainment
  • Nov 28 2024
  • 0
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Symbotic's stock plummeted 38% after the company announced an accounting error related to revenue recognition, which will delay its annual 10-K report for fiscal 2024. The error will result in a $30-… [+2135 chars]
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