iRobot Smashes Holiday-Quarter Expectations
iRobot (NASDAQ: IRBT) announced stronger-than-expected fourth-quarter 2019 results on Wednesday after the markets closed, and shares of the home-robotics specialist are up a whopping 16% as of this writing in response.
Indeed, iRobot saw a notable acceleration in top-line growth in both the U.S. and internationally as it worked to defend market share amid increasing competition. And its expected earnings decline was less severe than many industry watchers had feared.
Let's take a closer look at what iRobot accomplished in the key holiday quarter, starting with its headline numbers:
Source Fool.com
