|Bid||64.12 x 800|
|Ask||67.00 x 1300|
|Day's Range||63.80 - 65.37|
|52 Week Range||62.90 - 132.88|
|Beta (3Y Monthly)||1.78|
|PE Ratio (TTM)||21.61|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In 1997 Colin Angle was appointed CEO of iRobot Corporation (NASDAQ:IRBT). This report will, first, examine the CEO...
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Mohamad Ali said Thursday that he's stepping down from his role as president, CEO and board member of Boston-based tech company Carbonite and joining Boston-based technology media company International Data Group Inc., or IDG, as CEO.
(Bloomberg) -- IRobot Corp.’s outlook for the year turned murkier after the Roomba maker’s domestic sales were once again caught up in the U.S. trade war with China, which weighed on results for a second straight quarter. U.S. sales account for about half of IRobot total revenue.The robot manufacturer reduced its revenue forecast for 2019 and said recently-increased tariffs could weigh on gross margins in 2020, sending shares tumbling to their lowest level in over a year Wednesday. The stock is down about 45% since IRobot reported first-quarter revenue in April that missed expectations for the first time since 2015.The lowered guidance and softer-than-expected results for the second quarter “will likely leave investors concerned until demand stabilizes,” Canaccord Genuity analyst Jed Dorsheimer wrote in a note to investors.Citi said it would revisit its model after IRobot’s Wednesday morning conference call, with analyst Asiya Merchant highlighting several key questions in a note, including the impact of Amazon orders shifting to the fourth quarter and growth expectations for robotic lawn mowers.The stock was up 56% for the year before starting its downward spiral in the wake of the weak start to 2019. IRobot is now trading about 33% below the average price target, and Wall Street remains decidedly neutral, with eight of the nine analysts tracked by Bloomberg rating IRBT the equivalent of a hold.To contact the reporter on this story: Derek Hall in Chicago at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Scott Schnipper, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Home robotics company iRobot (IRBT) stock felt the pinch on July 23 when it released its second-quarter earnings results after markets closed.
Apple is asking the Trump administration to make a special exception to its 25 percent tariff on imported products from China, arguing that the Magic Mouse 2, Magic Trackpad 2, and 13 other components shouldn’t be included in those higher tariffs, because they can’t be manufactured in the U.S.
iRobot's (IRBT) second-quarter 2019 results gain from solid international business and healthy product demand. It lowers the 2019 projection due to tariff-related headwinds.
The company missed Wall Street's estimates for sales for the second quarter and lowered its financial expectations for the full year, citing the impact of tariffs in President Donald Trump's ongoing U.S.-China trade war.
iRobot (NASDAQ:IRBT) unveiled its latest quarterly earnings results late today, bringing in a profit that topped Wall Street's guidance, while revenue did not-more importantly, IRBT stock was sinking as the company is feeling the effects of the looming trade war.The space exploration and military defense business -- based out of Bedford, Mass. -- said it brought in a profit of 25 cents per share, which is stronger than the 3 cents per share that analysts called for. This figure is still lower than the 37 cents per share the company brought in during the same period a year ago.Analysts were calling for iRobot to bring in a profit of 3 cents per share. The business added that its sales for the period tallied up to $260.2 million, which is also stronger than the $226.3 million from the year-ago quarter, but missed the $268 million that Wall Street predicted.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, a more pressing matter are the U.S. tariffs on its Chinese-made products that are hurting iRobot's sales and earnings potential in the domestic scene, per CEO Colin Angle's statement in a news release. "The direct and indirect impacts of the ongoing U.S.-China trade war and the recently implemented 25% tariffs are likely to constrain U.S. market segment growth in the second half of the year below our expectations at the start of 2019," Angle added.IRBT stock is declining about 17.4% after hours following the company's quarterly earnings results and the ripples effect of the trade war. More From InvestorPlace * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Stocks Top Investors Are Buying Now * 10 Stocks to Buy From This Superstar Fund * 7 Defense Stocks to Buy to Fortify Your Portfolio The post iRobot Earnings: IRBT Stock Plummets on EPS Beat, Yet Trade War Looms appeared first on InvestorPlace.
Roomba vacuum cleaner maker iRobot on Tuesday beat Wall Street's target for earnings in the second quarter, but came up short on sales. It also guided to weak sales. IRobot stock fell hard.
iRobot (IRBT) delivered earnings and revenue surprises of 733.33% and -2.89%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?