iRobot Trounces Wall Street on Strong Earnings

iRobot beat expectations for its fiscal 2014 first-quarter earnings. Here's what investors need to know.

Apr 22, 2014 at 5:13PM

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.

Tamara Rutter owns shares of iRobot. The Motley Fool recommends iRobot. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

Something big just happened

I don't know about you, but I always pay attention when one of the best growth investors in the world gives me a stock tip. Motley Fool co-founder David Gardner (whose growth-stock newsletter was rated #1 in the world by The Wall Street Journal)* and his brother, Motley Fool CEO Tom Gardner, just revealed two brand new stock recommendations moments ago. Together, they've tripled the stock market's return over 12+ years. And while timing isn't everything, the history of Tom and David's stock picks shows that it pays to get in early on their ideas.

Click here to be among the first people to hear about David and Tom's newest stock recommendations.

*"Look Who's on Top Now" appeared in The Wall Street Journal which references Hulbert's rankings of the best performing stock picking newsletters over a 5-year period from 2008-2013.

Compare Brokers