For the first quarter the robot maker posted earnings of 18 cents a share, missing analysts' estimates of 19 cents a share by 1 cent. Revenue grew 7.5% to $114.2 million in the quarter. Analysts surveyed by Thomson Reuters expected revenue of $112.26 million.
Looking to the second quarter iRobot expect revenue of $138 million to $145 million and earnings of 15 cents to 25 cents a share, while analysts expect revenue of $143.8 million and earnings of 23 cents a share. The company's full-year guidance calls for revenue of $560 million to $570 million, and earnings of $1 to $1.15 a share. Analysts expect revenue of $562.8 million and earnings of $1.11 a share for the year.
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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 impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."