Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why iRobot Stock Fell Today

TheMotleyFool

0 0

Shares of iRobot (NASDAQ: IRBT) have fallen today, down by 4% as of 12:30 p.m. EDT, after the company reported first-quarter earnings. The COVID-19 pandemic has impacted both sales and its manufacturing supply chain activities.

Revenue in the first quarter declined 19% to $192.5 million, and iRobot said the primary culprit for the shortfall was an inability to meet demand due to supply chain challenges. That led to an adjusted operating loss of $14.4 million and an adjusted net loss of $0.32 per share. iRobot had warned last month that the coronavirus outbreak had disrupted sales and manufacturing operations.

Image source: iRobot.

Source Fool.com

Like: 0

IRBT

Share