iRobot Sees Q3 Adj. EPS $(0.11)-$(0.01), Revenue $217M-$223M; Sees FY24 Adj. EPS $(3.77)-$(3.31), Revenue $765M-$800M
Portfolio Pulse from Benzinga Newsdesk
iRobot has released its financial guidance for Q3 and FY24. The company expects Q3 adjusted EPS to be between $(0.11) and $(0.01) and revenue to be between $217 million and $223 million. For FY24, iRobot anticipates adjusted EPS to range from $(3.77) to $(3.31) and revenue to be between $765 million and $800 million.
August 06, 2024 | 8:52 pm
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iRobot has provided its financial guidance for Q3 and FY24, indicating a challenging financial outlook with negative EPS and moderate revenue expectations.
The negative EPS projections for both Q3 and FY24 suggest that iRobot is facing financial difficulties, which is likely to negatively impact its stock price in the short term. The revenue projections, while moderate, do not offset the negative earnings outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100