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IRobot Corp. (IRBT) Is Falling On Weak Outlook

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. The stock is now down 17.04 on 437K shares.

iRobot was range-bound throughout Wednesday's session and closed up by 0.95 at $88.04.

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