Thursday, February 7, 2013

iRobot (IRBT) Takes a Dump

iRobot (IRBT) closed at $23.82, up 3.25% yesterday (02013.02.06). Volume was twice the trailing-3-month average. iRobot reported 4Q'12 results after the market closed. My guess is some traders were speculating the iRobot's results would be better than expected.

From iRobot's 4Q'12 press release.

"Our Home Robot business had a phenomenal year with revenue increasing 28 percent over 2011, but as expected, the decline in Defense & Security revenue resulted in lower total company revenue and profit for the year," said Colin Angle, chairman and chief executive officer of iRobot.

Today (02013.02.07), IRBT opened at $21.44, down 10%, and immediately fell to $20.60. Right now (3 minutes into trading) IRBT is at $22.03.

No comments:

Post a Comment