iRobot Corporation (IRBT) Releases Earnings Results, Beats Expectations By $0.06 EPS

iRobot Corporation (IRBT) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.07. The company posted revenue of $130.80 million in the period, compared to analysts expectations of $128.37 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Many Wall Street Analysts have commented on iRobot Corporation. iRobot Corporation was Downgraded by JP Morgan to ” Underweight” on Mar 18, 2016. Chardan Capital Markets Initiated iRobot Corporation on Feb 10, 2016 to “Buy”, Price Target of the shares are set at $42.

iRobot Corporation opened for trading at $35.45 and hit $35.75 on the upside on Friday, eventually ending the session at $35.41, with a gain of 0.31% or 0.11 points. The heightened volatility saw the trading volume jump to 2,73,498 shares. Company has a market cap of $1,027 M.

In a different news, on Mar 16, 2016, Michelle Stacy (director) purchased 3,000 shares at $33.41 per share price. According to the SEC, on Dec 17, 2015, Colin M Angle (Chief Executive Officer) sold 59,074 shares at $35.29 per share price. On Oct 29, 2015, George C Mcnamee (director) sold 30,000 shares at $29.58 per share price, according to the Form-4 filing with the securities and exchange commission.

iRobot Corporation is a United States-based company which designs and builds robots. The Company is engaged in delivering robotic technology-based solutions. The Company’s segments include home robots defense and security and other. Its home robots segment offers products to consumers through a network of retail businesses throughout the United States to various countries through international distributors and retailers and through the Company’s online store. Its defense and security robots segment offers products to the United States Department of Defense through the United States government-focused sales force and distributors and to other North American and international entities through small domestic and international sales teams as well as through North American and international distributors. Its brands include Roomba Ava Scooba Mint ViPR Create PackBot FirstLook iAdapt Aware Home Base Looj Braava Kobra AeroVac Mirra and Virtual Wall among others.

iRobot Corporation

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