iRobot Q2 EPS $(1.42) Beats $(1.50) Estimate, Sales $236.60M Beat $227.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
iRobot reported Q2 losses of $(1.42) per share, beating the analyst consensus estimate of $(1.50) by 5.33 percent. This is a 305.71 percent decrease over losses from the same period last year. The company also reported quarterly sales of $236.60 million, beating the analyst consensus estimate of $227.21 million by 4.13 percent, but a 7.34 percent decrease over sales from the same period last year.
August 08, 2023 | 8:02 pm
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NEUTRAL IMPACT
iRobot's Q2 results beat estimates but represent a decrease from the same period last year. This mixed result could lead to uncertain market reactions.
iRobot's Q2 results exceeded analyst expectations, which could positively impact the stock. However, the decrease from last year's figures could cause some concern among investors, potentially offsetting the positive impact of beating estimates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100