iRobot Corp. (NASDAQ: IRBT) reported Q1 EPS of $0.71, $0.20 better than the analyst estimate of $0.51. Revenue for the quarter came in at $217.1 million versus the consensus estimate of $215.31 million.

\"We are off to the strong start we expected in 2018. First-quarter revenue grew 29% over Q1 2017, driven by growth across all major regions. Robust replenishment, following strong Q4 2017 holiday sell-through, and shipments to support Q2 holidays in the United States, drove domestic revenue growth of 26% over last year. EMEA and Japan also saw significant year-over-year growth of 47% and 38%, respectively, in part driven by the revenue uplift from acquisitions, neither of which we had in Q1 2017,\" said Colin Angle, chairman and chief executive officer of iRobot.

"Given our Q1 results and our outlook for the rest of the year, we are reaffirming our 2018 full-year revenue and operating income expectations, and increasing our full-year expectations for earnings per share. We anticipate full-year 2018 revenue of $1.05 to $1.08 billion, which is year-over-year growth of 19 – 22%, operating income of $86 to $96 million, and EPS of $2.15 to $2.40.

"We are off to a very strong start in 2018, and I am very excited about the year ahead. We expect our global business to deliver strong financial performance in 2018 that will fund our ability to reinforce our core product leadership in the RVC category, widen our competitive moat through technological differentiation protected by our IP portfolio, and extend our product portfolio.

GUIDANCE:

iRobot Corp. sees FY2018 EPS of $2.15-$2.40, versus the consensus of $2.35. iRobot Corp. sees FY2018 revenue of $1.05-1.08 million, versus the consensus of $1.07 million.

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