For the second quarter iRobot reported earnings of 28 cents a share, beating the Capital IQ Consensus Estimate of 22 cents a share by 6 cents. Revenue grew 7.2% from the year-ago quarter to $139.8 million, missing analysts' estimates of $142.51 million in revenue for the quarter.
"I am pleased to report a successful second quarter, with results that met our expectations," iRobot chairman and CEO Colin Angle said in a statement. "Our Home Robot business continues to deliver strong growth on an ever-increasing base in all three geographic regions while our Defense & Security business built a substantial order backlog for delivery in the second half of 2014."
Must read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates IROBOT CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: "We rate IROBOT CORP (IRBT) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." IRBT data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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