CORRECTION: iRobot Sees FY24 Adj. EPS $(3.13)-$(2.71) Vs $(3.64) Est.; Revenue $815M-$860M Vs $829.809M Est.
Portfolio Pulse from Benzinga Newsdesk
iRobot has updated its FY24 financial outlook, projecting an adjusted EPS of $(3.13) to $(2.71), which is an improvement over the estimated $(3.64). The company also forecasts revenue to be between $815M and $860M, straddling the estimated $829.809M.
May 07, 2024 | 9:07 pm
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iRobot has revised its FY24 earnings and revenue projections, indicating a positive adjustment in its financial outlook.
The improvement in iRobot's adjusted EPS forecast compared to the previous estimate suggests a stronger financial performance than anticipated, which is likely to positively influence investor sentiment and potentially lead to an increase in stock price in the short term. The revenue forecast, being in line with estimates, reinforces this positive outlook.
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