iRobot Earnings: What to Watch
Last year was a tough one for iRobot (NASDAQ: IRBT) shareholders. The robotic cleaning device specialist began 2019 with a bang, posting first-quarter results that extended the positive momentum it had from the prior year, which marked its first $1 billion annual sales haul.
Things quickly got worse, though, as its products were caught up in a U.S. trade war with China and the company was forced to experiment with a new pricing strategy to deal with a badly harmed growth rate and a reduced profitability trend in its core domestic market.
On Wednesday, iRobot will reveal whether its price-cut gamble paid off during the key holiday shopping period and blunted its market share losses. Investors will also get some key information about management's turnaround plan as they look to a new fiscal year.
Source Fool.com
