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IRobot: 4Q Earnings Snapshot

·1 min read
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BEDFORD, Mass. (AP) _ IRobot Corp. (IRBT) on Wednesday reported fourth-quarter earnings of $13.3 million.

The Bedford, Massachusetts-based company said it had profit of 46 cents per share. Earnings, adjusted for one-time gains and costs, came to 84 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The robotics technology company posted revenue of $544.8 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $485 million.

For the year, the company reported profit of $147.1 million, or $5.14 per share. Revenue was reported as $1.43 billion.

IRobot expects full-year earnings in the range of $3 to $3.25 per share, with revenue in the range of $1.64 billion to $1.68 billion.

IRobot shares have risen 58% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $127.24, more than doubling in the last 12 months.

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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