Shares of robots maker iRobot Corporation (IRBT) are falling more than 14% Wednesday morning at $81.92 in spite of the company reporting better-than-expected third-quarter results.
Third-quarter earnings on an adjusted basis were $2.58 per share compared with $1.50 per share last year. Analysts polled by Thomson Reuters were expecting earnings of $0.97 per share.
Revenue for the third quarter was 2020 was $413.1 million, an increase of 43% year-on-year. The consensus estimate was for $312.44 million.
IRBT stock has traded in the range of $32.79- $98.55 in the past one year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.