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This Is Why I Bought IRobot Today
Posted February 9, 2012
We Recommend...
Colin Angel
By Diesel
Today, iRobot (IRBT) announced its quarterly earnings in the after hours, and the stock price plunged by 21% to $30.48 after the company gave a lower than expected guidance for 2012. This gave me -and many others- a chance to buy shares of a company I had been wanting to buy for a while. Let's look at iRobot to see why it's a buy at the moment.
The Good
The company beat the earnings estimates for eight quarters in a row. In the last quarter, it earned 38 cents per share compared with earnings estimates of 30 cents per share.
Another piece of good news was the company's revenue hitting an all-time high of $130.8 million. This was an increase of 15% compared with the same period a year ago when the company's revenue was $114 million.
The company's full-year earning was $1.44 per share, up 45% from 2010's 98 cents per share. The company's international earnings increased by 21% and its government earnings increased by 9% year to year. READ FULL ARTICLE HERE
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