IROBOT (IRBT)

EARNINGS RELEASE - JULY 21 (AMC)

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:       .29/share     REV:  265.07/M
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     LAST QTR:  EPS:         -.47/share     ACTUAL:  -.32/share  (BEAT)
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     NEXT QTR:  EPS:       .73/share    REV:  272.33/M
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     FULL YR:     EPS:        1.72/Share    REV: 1,140/M
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BEAT/MISS RECORD:  83% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %)  -13.75, 19.62, -18.56

EXPECTED JUMP MOVE THIS QUARTER:  12-15%

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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.

Links To Latest News and Headlines

On CNBC's “Closing Bell,” iRobot (NASDAQ: IRBT) CEO Colin Angle said the price action following third-quarter earnings on Tuesday is a little disappointing.He believes the company executed well and said they're looking at a very strong fourth quarter. He said the negative price action could be profit-taking, but iRobot has a lot of momentum behind them moving into the fourth quarter and next year.He thinks there's still a lot of people that need the company's products and said the penetration rate in the household marketplace is just around 10%, and he believes there's still a lot of space for iRobot to go. He believes that the acceleration in demand of iRobot products started as people began working from home but turned into a reevaluation of how many people choose to work from home — and the rise of importance of the home as a workplace.When asked how reliant the company is on big retailers, Angle said making the robots more personable is allowing them to transact directly with its customers, which grew 155% in the third quarter.He said the company sees it as a major value driver for the stock going forward and will make customers stay with the company for a while.Angle said moving into Malaysia slowed because of the pandemic. The company will not be fully moved to Malaysia until the end of 2021. He said tariffs will cause some margin headwinds next year.Photo courtesy of iRobot. See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * 'Halftime Report's' Top Stocks To Watch: AGCO, Keysight And More * 16 Stocks Moving In Tuesday's After-Hours Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

21 Oct, 2020 @ 17:00 by Yahoo! Finance

IRBT earnings call for the period ending September 26, 2020.

21 Oct, 2020 @ 16:54 by Yahoo! Finance

Shares of iRobot (NASDAQ: IRBT), the maker of the Roomba robotic vacuum cleaner, are down 16% today as of 10:45 a.m. EDT, even after a strong quarterly earnings report. Chairman and Chief Executive Officer Colin Angle noted in the release that revenue exceeded its expectations in every geography, with particular strength in the U.S. market.

21 Oct, 2020 @ 14:52 by Yahoo! Finance

IRobot earnings per share more than doubled from a year earlier and topped analyst estimates. The shares are lagging.

iRobot's (IRBT) third-quarter 2020 earnings reflect gains from solid product demand, growth in the international business and margin expansion. It raises financial projections for 2020.

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Avg Daily Volume: 922,113    Market Cap: 2.40B
Sector: Consumer Goods    Short Interest: 49.56

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