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IRobot Corp. (IRBT) Plunged To A 10-Month Low On Disappointing Guidance

iRobot Corp. (IRBT) reported fourth quarter EPS of $0.16 after the closed Wednesday, which included a negative $0.41 impact from the new tax reform law. The consensus estimate was for EPS of $0.25.

Full year 2018 EPS is expected to be between $2.10 and $2.35. Street expectations are for EPS of $2.70.

iRobot gapped open sharply Thursday and declined during the first 2 hours of trade. The stock finished lower by 28.24 at $59.80 on the highest volume of the year. iRobot plunged to over a 10-month low.

by RTTNews Staff Writer

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