Tuesday, April 23, 2013

iRobot (IRBT) Reports 1Q'13 Results

iRobot (IRBT) reported 1Q'13 results after the market closed today (02013.04.23). IRBT was up almost 13% in after hours trading. From the company's press release.
Based on our view of the rest of the year, we are increasing our full-year financial expectations for both revenue and profit.

I also liked reading the following from the press release.

We began shipping the RP-VITA to InTouch Health during the quarter. Roughly one dozen of the robots are currently in use in hospitals.

iRobot.com::iRobot Reports First-Quarter Financial Results Exceeds Expectations; Increases Full-Year Outlook

IRBT closed at $24.66 on 02013.04.23. 52-week range: $16.25 - $27.16.

[update::02013.04.24] IRBT closed at $28.04 after hitting a new 52-week high of $28.85. Volume was 2.3 million vs. t3m-avg. of 0.4 million.

[update::02013.04.25] IRBT was upgraded by TheStreet Ratings from hold to buy.

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