"Based on strong quarterly results to date in both our Home Robot and Defense & Security business units, iRobot is increasing our expectations for the first quarter of fiscal 2013. We now expect revenue of $102 to $104 million, earnings per share of $0.16 to $0.20 and Adjusted EBITDA of $10 to $12 million. Strong sell through both domestically and overseas is driving sales of our home robots and our strong Q1 backlog in Defense & Security gives us confidence in achieving these expectations."IRBT closed yesterday (02013.03.11) at $22.75. 52-week range: $16.25 - $28.91. Two minutes into trading today (02013.03.12) IRBT is at $25.13, up ~10.5%.
Tuesday, March 12, 2013
iRobot (IRBT) Increases 1Q'13 Guidance
iRobot (IRBT) continues to strengthen its management team. In addition, the company is upped 1Q'13 guidance.
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