iRobot Corporation IRBT shares are trading lower by $7.20 (11.7 percent) at $54.04 in Thursday's session. The issue is deep in the red, despite reporting a solid Q4 EPS beat of $0.08 along with a sales beat of $6.5 million.
Expectations were high ahead of the report as the issue posted its all-time high Tuesday at $63.99 and its all-time closing high was posted on January 26 at $63.08.
After a much lower open, it continued in that direction before finally bottoming at $52.25 and rebounding to make a new high for the session at $55.12. The current low coincides with its November 16 low of $52.46.
Since retreating from the high, it has been struggling to remain in the $54.00 handle.
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