iRobot Corp. (IRBT) Tops Q2 EPS by 55c

iRobot Corp. (NASDAQ: IRBT) reported Q2 EPS of $0.27, $0.55 better than the analyst estimate of ($0.28). Revenue for the quarter came in at $183.15 million versus the consensus estimate of $174.66 million.

GUIDANCE:

iRobot Corp. sees FY2017 EPS of $1.80-$2.00. iRobot Corp. sees FY2017 revenue of $815-825 million.

"Our outstanding second-quarter results exceeded our expectations. Based on our Q2 results, and our outlook for the rest of 2017, fueled by positive momentum in the United States and EMEA, we are increasing our full-year 2017 financial expectations. We now expect 2017 revenue of $815 to $825 million, a 24 – 26% increase over 2016 consumer revenue, operating income of between $67 and $75 million, and EPS of between $1.80 and $2.00, none of which reflects any impact of our announced acquisition of our largest European distributor," said Colin Angle, chairman and chief executive officer of iRobot.

For earnings history and earnings-related data on iRobot Corp. (IRBT) click here.

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