On Wednesday, iRobot Corp (NASDAQ:IRBT) shares tumbled over 14% after the company reportedly lowered its holiday quarter outlook. This is despite the company beating revenue and earnings estimates. The company cited US tariffs on their robotic vacuum cleaners as well as other issues as the reason for revising the Q4 guidance.
Impressive Quarter Exceeding EstimatesiRobot CEO Colin Angle indicated that the company delivered revenue growth of 9% after delivering a large shipment to a US retailer previously scheduled for Q4. Angle indicated that the company reported a strong quarter mainly because of disciplined spending and ...
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