iRobot Corp. (IRBT) Tuesday posted first-quarter net income of $8.4 million or $0.29 per share, compared to $653 thousand or $0.02 per share in the comparable quarter last year.
On average, five analysts polled by Thomson Reuters expected earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the first quarter grew to $106.20 million from $97.81 million last year, while five analysts estimated revenues of $103.86 million.
Looking forward to the second quarter, the company expects earnings of $0.15 to $0.20 per share on revenue of $128 million to $133 million. Analysts currently estimate earnings of $0.11 per share on revenues of $113.31 million for the second quarter.
For the full year 2013, the company raised its earnings to a range of $0.80 to $1.00 per share from its prior estimate of $0.57 to $0.72 per share. Analysts currently estimate earnings of $0.79 per share.
For the full year 2013, the company expects revenues in the range of $485 million to $495 million, up from its prior estimate of $480 million to $490 million. Analysts currently estimate revenues of $485.28 million for the full year 2013.
For comments and feedback: editorial@rttnews.com