Categories Earnings, Technology

iRobot Corporation (IRBT): Q4 2019 Earnings Snapshot

irobot Q4 2019 earnings infographic

—  iRobot (NASDAQ: IRBT)reported earnings of $0.69 per share in the fourth quarter of 2019, vs. $0.40 per share expected.

— Total revenue grew 11% to $426.8 million, vs. $415.5 million expected.  

— For fiscal 2020, expects revenues of $1.32 billion – $1.35 billion. Adjusted EPS is projected in the range of $1.70 – $2.30.

— The company appointed its current VP of Finance Julie Zeiler as its CFO, effective, May 4, 2020. She will replace Alison Dean, who was its CFO since 2013.

— IRBT shares jumped 17% immediately following the announcement. 

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Also Read:  Tech world on alert after Ciena (CIEN) gives cautious outlook amid order woes

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