iRobot Earnings: Here’s Why Investors are Happy Now
iRobot Corporation (NASDAQ:IRBT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 13.54%.
iRobot Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 950% to $0.21 in the quarter versus EPS of $0.02 in the year-earlier quarter.
Revenue: Rose 8.58% to $106.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: iRobot Corporation reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.18. It beat the average revenue estimate of $103.86 million.
Quoting Management: “We kicked off 2013 with an outstanding quarter. The results and outlook for our Home Robot business are excellent. We are very excited to have begun shipping our RP-VITA telemedicine robot in Q1 and our Defense & Security business delivered solid results,” said Colin Angle, chairman and chief executive officer of iRobot.
Key Stats (on next page)…