This $22 billion robotics company’s stock is tumbling as accounting errors found

Symbotic’s stock plunged after the robotics company became the latest example of the consequences of weaknesses in controls over financial reporting.

Topics

Ciena reported a big profit miss. Here’s why the stock is rocketing to a 22-year high.

Ciena’s stock was soaring toward a 22-year high, as order growth and outlook on inventory overshadowed a big profit miss.
MarketWatch - 2d
Macy’s Earnings Report Details Multimillion-Dollar Accounting Error

Analysts see much bigger challenges for the retailer than lax accounting.
The New York Times - 3d
SpaceX valuation surges to $350 billion as company buys back stock

The valuation of Elon Musk's SpaceX hit $350 billion based on a secondary share sale, CNBC confirmed Wednesday.
CNBC - 3d
Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal

The retailer found that a single employee’s mistake and coverup created millions of dollars in false bookkeeping entries.
The Wall Street Journal - 3d
Jim Cramer reviews companies that cracked $100 billion in 2024

CNBC's Jim Cramer looked at the performance of Palantir, AppLovin, Spotify and Arista Networks, among others.
CNBC - 4d
Major water company uses accounting trick to inflate balance sheet by £1.68bn

A substantial Severn Trent Water investment is based on IOU notes - BBC Panorama finds.
BBC News - 5d
Super Micro’s stock still faces accounting overhang despite delisting reprieve

Super Micro’s stock rallies after Nasdaq extends the deadline for financial filings, but the stock is still being weighed down by an accounting overhang.
MarketWatch - 5d
In Just 22 Years, Peter Thiel Turned $2,000 Into $5 Billion, Tax-Free. Here’s How

Granted, Thiel’s Roth IRA return is astronomical, but the approach he used can be broadly applied.
Inc. - 6d
GameStop’s stock is trading at a level that ignores the company’s challenges, says Wedbush

The videogame retailer’s shares jumped following the latest cryptic post from influential trader Keith Gill, aka “Roaring Kitty.”
MarketWatch - Dec. 6
Chainalysis CEO Michael Gronager Exits the Company He Co-Founded

Co-founder Jonathan Levin is the new CEO of the blockchain analytics company.
Inc. - Dec. 5

This $22 billion robotics company’s stock is tumbling as accounting errors found

Topics

Related

Ciena reported a big profit miss. Here’s why the stock is rocketing to a 22-year high.

Macy’s Earnings Report Details Multimillion-Dollar Accounting Error

SpaceX valuation surges to $350 billion as company buys back stock

Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal

Jim Cramer reviews companies that cracked $100 billion in 2024

Major water company uses accounting trick to inflate balance sheet by £1.68bn

Super Micro’s stock still faces accounting overhang despite delisting reprieve

In Just 22 Years, Peter Thiel Turned $2,000 Into $5 Billion, Tax-Free. Here’s How

GameStop’s stock is trading at a level that ignores the company’s challenges, says Wedbush

Chainalysis CEO Michael Gronager Exits the Company He Co-Founded

More from MarketWatch

Why the case against a Roth conversion gets stronger if Trump’s tax cuts continue

UnitedHealthcare exec’s murder exposes a deeper problem no one wants to face

Trump says he’ll ‘make housing affordable again.’ Here’s how to ease the crisis.

A retirement expert’s best advice? Don’t retire.

The S&P 500 at 4,800? That’s what some Wall Street experts predicted — for 2024.