iRobot Stock Jumps 6% on Q3 Earnings Beat and Raised Guidance
iRobot (NASDAQ: IRBT) reported strong third-quarter 2017 earnings after the market closed on Tuesday. The consumer robotics specialist, best known for its Roomba vacuum, posted revenue growth of 22%, while earnings per share grew 9%. Adjusted for one-time factors, EPS declined 26%.
Revenue and earnings both beat Wall Street's expectations. Moreover, the company upped its revenue and earnings guidance for full-year 2017.
Shares of iRobot have jumped 5.8% in after-hours trading on Tuesday as of this writing, which we can attribute to the earnings beat and the brightened 2017 outlook. This bodes well for the stock's performance on Wednesday.
Source: Fool.com
iRobot Corp. Stock
€8.72
2.910%
With 9 Sell predictions and only 2 Buy predictions the community sentiment for iRobot Corp. is rather negative.
With a target price of 7 € there is a slightly negative potential of -19.72% for iRobot Corp. compared to the current price of 8.72 €.
