Revenue Update on iRobot Corporation(NASDAQ:IRBT)

iRobot Corporation(NASDAQ:IRBT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $148.70M. Analysts estimated a revenue of $148.10M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.10.

iRobot Corporation (IRBT) made into the market gainers list on Fridays trading session with the shares advancing 0.88% or 0.33 points. Due to strong positive momentum, the stock ended at $37.92, which is also near the day’s high of $37.98. The stock began the session at $37.69 and the volume stood at 3,40,924 shares. The 52-week high of the shares is $39 and the 52 week low is $27.55. The company has a current market capitalization of $1,042 M and it has 2,74,69,095 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Ronald Chwang (director) sold 13,810 shares at $38.32 per share price.Also, On Jun 1, 2016, Andrea Geisser (director) sold 8,353 shares at $38.32 per share price.On Mar 16, 2016, Michelle Stacy (director) purchased 3,000 shares at $33.41 per share price, according to the Form-4 filing with the securities and exchange commission.

iRobot Corporation is a United States-based company which designs and builds robots. The Company is engaged in delivering robotic technology-based solutions. The Company’s segments include home robots defense and security and other. Its home robots segment offers products to consumers through a network of retail businesses throughout the United States to various countries through international distributors and retailers and through the Company’s online store. Its defense and security robots segment offers products to the United States Department of Defense through the United States government-focused sales force and distributors and to other North American and international entities through small domestic and international sales teams as well as through North American and international distributors. Its brands include Roomba Ava Scooba Mint ViPR Create PackBot FirstLook iAdapt Aware Home Base Looj Braava Kobra AeroVac Mirra and Virtual Wall among others.

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