Tuesday, April 21, 2015

iRobot (IRBT) Reports 1Q'15 Results

iRobot (IRBT) reported 1Q'15 results after the market closed today (02015.04.21). This the first headline I saw: "iRobot First-Quarter Financial Results Exceed Expectations" via PR Newswire. After hours trading, however, says a different story: "After Hours : 30.92 Down 2.28 (6.86%) 4:04PM EDT".

It appears Wall Street did not like the following statement from iRobot's CEO Colin Angle: "Based on our Q1 results and our outlook for the rest of 2015, we continue to expect revenue of $625 to $635 million, driven by Home Robot growth. We are reducing the high end of our EPS and Adjusted EBITDA ranges..."

IRBT closed today (02015.04.21) at $33.20, down 3.4%. 52-week range: $28.05 - $42.00.

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