Yesterday we got the catalyst we were looking for from IRBT - a solid earnings report. With 48% of the float short, we expect IRBT to squeeze the shorts. Here are the highlights"
iRobot (NASDAQ:IRBT): Q4 Non-GAAP EPS of $0.69 in-line; GAAP EPS of $0.70 beats by $0.29.
Revenue of 426.78M (+10.9% Y/Y) beats by 10.83M.
Shares of iRobot (NASDAQ:IRBT) popped after the company hires a new CFO and reports Q4 EPS even above the highest estimate turned in by analysts.
Revenue was up 11% during the quarter and operating income came in at 16.6M vs. 29.8M a year ago. Tariff costs factored into the OI decline.
The company promoted VP of finance Julie Zeiler to take over the CFO position from Alison Dean.
As always, trade with caution and use protective stops.