iRobot Trounces Wall Street on Strong Earnings

iRobot (NASDAQ: IRBT  ) reported fiscal 2014 first-quarter earnings after the market closed today that beat Wall Street's expectations. For the period ended March 29, iRobot generated a profit of $0.18 per share, which was $0.02 better than analyst estimates for the period. First-quarter revenue also came in ahead of forecasts, with iRobot generating revenue of $114.2 million, up from just $106.2 million in the year-ago period. That topped Wall Street's estimate for quarterly revenue of $112 million.

Source: The Motley Fool

These results were driven by strong sales in its consumer-robots business, which grew 17% year over year. The robotics company also launched new home bots during the quarter, including its new Roomba 880 and Scooba 450 device. "We kicked off 2014 with an excellent quarter," said Colin Angle, iRobot's chief executive. "The results and outlook for our Home Robot business are excellent."

Looking ahead, management says the company is on track to achieve full-year revenue in the range of $560 to $570 million, and earnings per share of between $1.00 to $1.15. Shares of iRobot have gained nearly 12% year to date, and currently trade around $39.


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  • Report this Comment On April 22, 2014, at 5:21 PM, FrankoJames wrote:

    Thank you.

  • Report this Comment On April 23, 2014, at 9:36 AM, mapbc wrote:

    And the stock drops the day after...

    curious.

  • Report this Comment On April 23, 2014, at 10:29 AM, realitycheck23 wrote:

    Stock is down big today because the MF article totally misrepresented the reality here.

    Yeah, IRBT beat the PAST quarter by 2 cents....but big deal. The killer was what they said about the FUTURE. Specifically, they said NEXT quarter would be 15-25 cents vs 23 cents expectation.

    That sounds like they are guiding way down and that is always a negative.

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