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Why iRobot Stock Soared Today

TheMotleyFool

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Shares of iRobot (NASDAQ: IRBT) were up 18.3% as of 1:30 p.m. EST Thursday after the home-robotics leader announced significantly stronger-than-expected fourth-quarter results and solid guidance for 2020.

More specifically on the former, iRobot's quarterly revenue climbed 10.9% year over year to $426.8 million, translating to adjusted net income of $19.7 million, or $0.69 per share (down from $0.88 in the year-ago period). Analysts on average were expecting earnings of just $0.40 per share on revenue of $415.5 million.

A Roomba "reading" its room map. Image source: iRobot.

Source Fool.com

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