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IRobot Corp. (IRBT) Is Losing Ground On Disappointing 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.

iRobot gapped open sharply lower Thursday morning and has continued to fall in early trade. The stock is now down 21.78 at $66.26 on above average volume. iRobot has dropped to nearly a 2-month low.

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