Correcting the headline to read as "iRobot Lifts Q1 Outlook", instead of "iRobot Guides Q1 Above View". Also correcting the analysts' estimates.
Rest remains unchanged. The corrected version is as below:
iRobot Corp. (IRBT) Monday raised its outlook for the first quarter of 2013, in light of strong performance at the home robot and defense and security business units.
"Strong sell through both domestically and overseas is driving sales of our home robots and our strong Q1 backlog in Defense & Security gives us confidence in achieving these expectations," Colin Angle, CEO.
For the first quarter, the company projects earnings in a range of $0.16 to $0.20 per share, and revenues in the order of $102 million to $104 million.
Analysts, based on consensus, currently expect the company to report first-quarter earnings of $0.02 per share on revenues of $100.36 million.
The company also said it has appointed Alison Dean as its Executive Vice President and Chief Financial Officer, effective April 5. Dean succeeds John Leahy, who is stepping down after four years of service.
Dean previously held the position of principal accounting office, and has also looked over the company's investor relations, company-wide financial planning, accounting, and SEC reporting. Prior to joining iRobot, Dean was a corporate controller at 3Com Corp.
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