iRobot Corporation Dives: Q4 Meets Views, Posts Weak Outlook

IRobot Corp.

plummeted in Wednesday's extended session after the company met first-quarter expectations but offered an outlook below consensus views. The Bedford, Massachusetts robot maker changed hands recently down nearly 8 percent at $29.51. IRobot forecast first-quarter earnings of $0.08 cents and $0.10 cents a share, on revenue of $114 million to $117 million. Wall Street expects first-quarter earnings of $0.27 cents a share on revenue of $133.8 million. For the full year of 2015, iRobot predicts earnings of $1.25 to $1.45 a share, on revenue of $625 million to $635 million. Analysts expect 2015 earnings of $1.25 a share, on revenue of $560.9 million. Net income for the fourth quarter of 2014 was $9.4 million, or $0.31 cents a share, compared with $3.2 million, or $0.11 cents a share a year earlier. Revenue grew to $159.3 million, from $126.3 million. Wall Street expected earnings of $0.30 cents a share, on revenue of $164 million.