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iRobot stock plunges again on Q1 earnings report… but then rebounds

April 26, 2012

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After suffering a 33% price drop early February upon announcing that future governmental sales would be down because of DoD cutbacks and delays, iRobot drops another 6.5% when actual Q1 earnings were reported.
Quarterly earnings were 2 cents per share versus $0.27 last year Q1; the company said earnings would grow to 5 to thirteen cents in the next three months.
To bolster consumer sales, iRobot just launched a new ad program for their home products with the tagline, “iRobot. Do you?”

Frank Tobe
guest author
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.

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