iRobot Q1 2024 Adj EPS $(1.53) Beats $(2.01) Estimate, Sales $150.014M Beat $144.976M Estimate
Portfolio Pulse from Benzinga Newsdesk
iRobot reported Q1 2024 adjusted EPS of $(1.53), surpassing the $(2.01) estimate, and sales of $150.014M, exceeding the $144.976M forecast. This represents a 23.88% beat on EPS and a 3.48% beat on sales estimates, with a year-over-year sales decrease of 6.41%.
May 07, 2024 | 8:03 pm
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iRobot's Q1 2024 earnings beat estimates with an adjusted EPS of $(1.53) and sales of $150.014M, indicating a strong performance despite a slight year-over-year sales decline.
iRobot's better-than-expected Q1 2024 earnings report, with both EPS and sales beating estimates, suggests a positive short-term impact on its stock price. The significant beat on EPS and sales forecasts, despite a year-over-year sales decrease, indicates operational efficiency and market resilience. This performance could boost investor confidence and drive positive sentiment in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100