Why iRobot (IRBT) Stock Is Falling in After-Hours Trading Today

NEW YORK (TheStreet) -- iRobot (IRBT) was falling -5.7% to $36.60 after-hours Tuesday after missing analysts' estimates for revenue in the second quarter.

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."

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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 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 ChartIRBT data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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