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Tech Stocks This Week: Twitter Stock Soars, iRobot Stock Plummets, and More
It was a volatile week for the stock market. But two of these stocks saw much larger swings.
Hanesbrands and iRobot stumble while Twitter, Woodward gain
Hanesbrands and iRobot decline while Twitter and Woodward advance
Why iRobot Corporation Stock Is Plummeting Today
The home robotics specialist just capped a fantastic holiday quarter, but its outlook left the market wanting more.
iRobot shares drop more than 20% as earnings, outlook miss Street view
Shares of iRobot Corp. dropped in the extended session Wednesday after the Roomba maker's earnings results and outlook fell short of Wall Street estimates. Shares of iRobot fell 21% to $69.36 after hours. The company reported fourth-quarter net income of $4.6 million, or 16 cents a share, compared with $13.7 million, or 49 cents a share, in the year-ago period. Revenue rose to $326.9 million from $212.5 million in the year-ago period. Analysts surveyed by FactSet had estimated 25 cents a share on revenue of $318.8 million. For the year, iRobot estimates earnings of $2.10 to $2.35 a share on revenue of $1.05 billion to $1.08 billion. Analysts expect earnings of $2.70 a share on revenue of $1.02 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
How iRobot Could Cash In on Machine Learning
Artificial intelligence is getting smarter, and companies that capture its potential are going to have a ton to offer consumers.
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