iRobot Plunges as Tariffs Hurt U.S. Sales
When iRobot (NASDAQ: IRBT) released its second-quarter 2019 results in July, the home robotics specialist warned that sales in its key U.S. market were off to a softer-than-expected start in the second half due to the "direct and indirect impacts" of tariffs and the U.S.-China trade war.
Sure enough, that trend was evident in iRobot's just-announced Q3 results Tuesday after the markets closed -- and shares of the Roomba maker are down around 18% in after-hours trading as of this writing.
But iRobot also has a plan to ensure it remains a primary beneficiary of the budding home robotics market for years to come. So, before you sweep iRobot stock into the dustbin, let's more closely inspect what the company had to say about both its Q3 report and guidance looking forward.
Source Fool.com
