iRobot Reports Second-Quarter 2020 Financial Results

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Go back to iRobot Reports Second-Quarter 2020 Financial Results

iRobot Corp. (IRBT) Tops Q2 EPS by 77c, Revenues Beat

July 21, 2020 4:08 PM EDT

iRobot Corp. (NASDAQ: IRBT) reported Q2 EPS of $1.06, $0.77 better than the analyst estimate of $0.29. Revenue for the quarter came in at $279.9 million versus the consensus estimate of $265.07 million.

Colin Angle, chairman and chief executive officer of iRobot, stated, "Consistent with our business update last month, iRobot delivered a stronger-than-expected second-quarter performance as demand strengthened meaningfully during the quarter. Our top-line results were highlighted by 43% growth in our premium robots. Quarterly revenue in each major geographic region surpassed our initial targets... More