Will iRobot Recover From Last Quarter's Drubbing When It Reports Q4 Earnings?
The past year has been mostly downhill for iRobot (NASDAQ: IRBT). The trade war between the U.S. and China and the resulting tariffs made for a challenging market. While a 10% levy was already in place from the prior year, it increased to 25% in early 2019, leaving iRobot between a rock and a hard place.
The company lowered prices on its most popular models to pre-tariff levels in advance of the important holiday season, but took a hit to the bottom line, lowering its guidance for the full year. The stock has since fallen to its lowest level since mid-2016.
The U.S. and China signed a preliminary trade agreement in January, but that was too late to help iRobot's 2019 performance. The company is scheduled to release its fourth-quarter financial results after the market close on Wednesday, Feb. 5. Let's recap recent events and see what's in store for iRobot.
Source Fool.com
