iRobot Corporation (IRBT) Tops Q4 EPS by 1c, Sales Miss; Issues Mixed Outlook
iRobot Corporation (NASDAQ: IRBT) reported Q4 EPS of $0.31, $0.01 better than the analyst estimate of $0.30. Revenue for the quarter came in at $159.3 million versus the consensus estimate of $164.04 million.
iRobot Corporation sees FY2015 EPS of $1.25-$1.45, versus the consensus of $1.44. iRobot Corporation sees FY2015 revenue of $625-635 million, versus the consensus of $643.12 million.
"2014 was a great year for iRobot. Our Home Robot business increased 19 percent over 2013, driven by growth in both domestic and overseas markets," said Colin Angle, chairman and chief executive officer of iRobot. "All three of our businesses met our expectations and made significant progress against their strategic plans, setting us up well for 2015.
"In 2015 our financial performance will continue to be driven by our Home Robot business. In the United States, we expect strong Home Robot revenue growth in the mid teens while overseas growth will be tempered by macros and currency devaluations. Overall, Home Robot revenue is expected to grow 11 to 13 percent in 2015 and comprise 90 percent of total company revenue. We anticipate Defense & Security will grow for the first time since 2011, and our Remote Presence business will focus on improving the scalability of our solution while holding revenue flat at 2014 levels."
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