Benzinga | Oct 20, 2020 04:24PM EDT

iRobot: Q3 Earnings Insights

Shares of iRobot (NASDAQ:IRBT) rose 8% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 108.06% over the past year to $2.58, which beat the estimate of $0.97.

Revenue of $413,145,000 higher by 42.76% year over year, which beat the estimate of $312,440,000.

Guidance

The upcoming fiscal year's EPS expected to be between $3.43 and $3.53.

The upcoming fiscal year's revenue expected to be between $1,365,000,000 and $1,375,000,000.

Technicals

52-week high: $94.82

52-week low: $32.79

Price action over last quarter: Up 29.80%

Company Description

iRobot Corp is a US-based consumer robot company. It designs and builds robots that assist consumers with the solutions for the activities to be carried both inside and outside of the home. The company's consumer robot comprises a portfolio of solutions which includes cleaning, mapping and navigation, human-robot interaction, and physical solutions. The company operates in the business segment of Consumer robots. The consumer robot products are provided to the consumers by retail businesses and online store. The company primarily derives its revenue from the product sales. It sells the products across the United States and around the world.