IRobot: 4Q Earnings Snapshot
BEDFORD, Mass. (AP) _ IRobot Corp. (IRBT) on Wednesday reported fourth-quarter earnings of $25.2 million.
The Bedford, Massachusetts-based company said it had net income of 88 cents per share. Earnings, adjusted for pretax gains, were 84 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The robotics technology company posted revenue of $384.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $379 million.
For the year, the company reported profit of $88 million, or $3.07 per share. Revenue was reported as $1.09 billion.
IRobot expects full-year earnings in the range of $3 to $3.25 per share, with revenue in the range of $1.28 billion to $1.31 billion.
IRobot shares have risen nearly 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $89.42, a rise of roughly 3 percent in the last 12 months.