“I-Robot’s Q1 earnings miss analysts’ expectations and hit share price, down 20% in 2022”

2023-05-09 23:13:27

I-Robot Company (NASDAQ: IRBT) published its financial reports for the first quarter, in which it was lower than expectations and revenues that missed the expectations of the analysts.

The company reported earnings per share of -$1.67 and revenue of $160.29M. Investing.com analysts expected EPS of $-1.32 and revenue of $237.09M.

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I-Robot’s share price has fallen 20% since the beginning of the year, and is now still 36.46% below its 52-week high of $60.24 set for August 16, 2022.

After the publication of the reports, i-Robot shed 7.26% and is trading at a price of $35.50 in the after-hours trading hours.

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