iRobot narrows its loss, but after-hours stock jolt evaporates
IRBTiRobot(IRBT) Market Watch·2024-02-27 09:10

Shares of iRobot Corp. initially jumped 10% then cooled in after-hours trading Wednesday after the company posted quarterly results that topped analysts’ revenue and earnings estimates. IRobot IRBT, +4.30% reported a fiscal fourth-quarter net loss of 63.6million,or63.6 million, or 2.28 a share, compared with a net loss of 84.1million,or84.1 million, or 3.07 a share, in the same quarter a year ago. Adjusted earnings were a loss of 1.82ashare.Revenuedroppedto1.82 a share. Revenue dropped to 307.5 million from $357.9 million in the year-ago quarter. Analysts ...