iRobot Corp. (IRBT) Tuesday posted first-quarter net income of $8.4 million or $0.29 per share, compared to $653 thousand or $0.02 per share in the comparable quarter last year.
On average, five analysts polled by Thomson Reuters expected earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the first quarter grew to $106.20 million from $97.81 million last year, while five analysts estimated revenues of $103.86 million.
Looking forward to the second quarter, the company expects earnings of $0.15 to $0.20 per share on revenue of $128 million to $133 million. Analysts currently estimate earnings of $0.11 per share on revenues of $113.31 million for the second quarter.
For the full year 2013, the company raised its earnings to a range of $0.80 to $1.00 per share from its prior estimate of $0.57 to $0.72 per share. Analysts currently estimate earnings of $0.79 per share.
For the full year 2013, the company expects revenues in the range of $485 million to $495 million, up from its prior estimate of $480 million to $490 million. Analysts currently estimate revenues of $485.28 million for the full year 2013.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.