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iRobot Corporation stock price
iRobot Corporation latest news:
iRobot Stock Upgraded After Earnings Sell-Off: What You Need to Know
Can this robot maker reboot? At this price, does it even need to?
iRobot shares rally after earnings beat, outlook
Shares of iRobot Corp. rallied late Tuesday after the maker of Roomba robotic vacuum cleaners reported third-quarter earnings and sales above expectations and increased its 2017 guidance thanks to "positive momentum" in the U.S. and EMEA, "where growth is accelerating." iRobot said it earned $22.1 million, or 76 cents a share, in the quarter, compared with $19.5 million, or 70 cents a share, in the year-ago period. Revenue rose to $205.4 million, compared with $168.6 million for the third quarter of 2016. Analysts polled by FactSet had expected earnings of 47 cents a share on sales of $205 million. The company said it expects revenue between $870 million and $880 million in 2017, and per-share earnings between $1.65 and $2 for the year. The FactSet analysts expect 2017 earnings of $1.57 a share on sales of $852 million.
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