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Why iRobot Stock Plunged Today

TheMotleyFool

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Shares of iRobot (NASDAQ: IRBT) were down 19.3% as of 12:00 p.m. EDT Wednesday after the home-robotics specialist released solid second-quarter 2019 results but lowered its full-year guidance, citing concerns over the U.S.-China trade war.

On the former, iRobot's quarterly revenue climbed 15% year over year to $260.2 million, translating to GAAP earnings of $7.2 million, or $0.25 per share. The company doesn't provide specific quarterly guidance, but most analysts were looking for earnings of $0.03 per share on revenue closer to $268 million.

IMAGE SOURCE: IROBOT.

Quelle Fool.com

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