Why iRobot Stock Just Crashed and Burned
iRobot (NASDAQ: IRBT) stock collapsed in a frenzy of selling Thursday morning after the company reported a sizable earnings miss last night -- and hinted at more misses to come.
Heading into the fourth quarter of 2021, analysts didn't hold out high hopes for iRobot, predicting the Roomba maker would lose $0.91 per share on sales of $463.8 million. Even so, the company managed to trip over that low bar. Sales for the final quarter of 2021 were only $455.4 million, and the company reported a loss of $1.05 per share, pro forma.
iRobot stock is down 15.2% as of 10:35 a.m. ET today.
Source Fool.com
