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IRobot: 3Q Earnings Snapshot

BEDFORD, Mass. (AP) _ IRobot Corp. (IRBT) on Tuesday reported third-quarter profit of $35.5 million.

The Bedford, Massachusetts-based company said it had profit of $1.24 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The robotics technology company posted revenue of $289.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $259.1 million.

IRobot expects full-year earnings to be $2.60 to $2.80 per share, with revenue in the range of $1.2 billion to $1.21 billion.

IRobot shares have decreased 35% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $54.03, a decrease of 40% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRBT at https://www.zacks.com/ap/IRBT