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IRobot: 2Q Earnings Snapshot

July 23, 2019

BEDFORD, Mass. (AP) _ IRobot Corp. (IRBT) on Tuesday reported second-quarter net income of $7.2 million.

On a per-share basis, the Bedford, Massachusetts-based company said it had net income of 25 cents.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The robotics technology company posted revenue of $260.2 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $267.9 million.

IRobot expects full-year earnings to be $2.40 to $3.15 per share, with revenue in the range of $1.2 billion to $1.25 billion.

IRobot shares have risen 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $89.76, a rise of 23% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRBT at https://www.zacks.com/ap/IRBT

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