iRobot Up 17.% on These Incredible Accomplishments
iRobot Corporation’s (NASDAQ:IRBT) third quarter earnings beat expectations with its $120.4 million revenues rise, a 28 percent increase as compared to last year, with earnings per share of $0.38 (without its $0.12 tax benefit). Analysts’ estimates had been $1.3 million and $0.24 lower.
The strong quarter was driven by a 51 percent increase in international home robot sales. In a true sci-fi story and a world history-making event, iRobot implemented its product into a human. A British man recently had a smartphone dock built into his left prosthetic arm. The Nokia C7 phone, made with fibreglass and laminate, securely sits in the gentleman’s forearm but it is removable.
Looking ahead to iRobot’s fourth quarter numbers, the company forecasts revenues between $130 million to $135 million and an earnings per share of $0.26-$0.30. This comes in below analysts’ consensus for $132.9M and $0.29.
iRobot’s (NASDAQ:IRBT) stock is up 17.46% to $33.24 on the news. Shares are up 33.6% year to date. The stock has traded in a 52-week range between $19.18 and $39.00.
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