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Stock Market: "iRobot Earnings: Here’s Why Investors are Happy Now"

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Via: the-irascible-harry-krishner • 11 years ago • 2 comments

Stock Market: "iRobot Earnings: Here’s Why Investors are Happy Now"

iRobot Corporation (IRBT)

$24.66 0.26 (1.07%) 4:00PM EDT

| After Hours : 28.65 3.99 (16.18%) 6:53PM EDT - Nasdaq Real Time Price

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iRobot Corporation ( NASDAQ:IRBT ) delivered a profit and beat Wall Streets expectations, AND beat the revenue expectation.

iRobot Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 950% to $0.21 in the quarter versus EPS of $0.02 in the year-earlier quarter.

Revenue: Rose 8.58% to $106.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: iRobot Corporation reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.18. It beat the average revenue estimate of $103.86 million.

Quoting Management: We kicked off 2013 with an outstanding quarter. The results and outlook for our Home Robot business are excellent. We are very excited to have begun shipping our RP-VITA telemedicine robot in Q1 and our Defense & Security business delivered solid results, said Colin Angle, chairman and chief executive officer of iRobot.

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Professor Expert

seeder Krishna 11 years ago

Adjusted Earnings Per Share increased 950%

Nice

In early December, Krishna-167929 said:

Just bought a lot more recently at $18.01/share. IMO it might not go too much lower. While at first both the fundamentals and the technicals look terrible, further research shows, IMO, good prospects over the long term for a patient investor--I expect at least a double here. And in the meantime I can generate income and minimize risk by selling covered calls. (Note: This is a risky investment-- if you don't know what you're doing, do not buy this!!!!)

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Professor Expert

seeder Krishna 11 years ago

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