iRobot jumps 13% on narrower Q2 loss
Robot maker iRobot Corporation (Nasdaq:IRBT) is up 13% after reporting a narrower loss in its second-quarter earnings. After the close on Wednesday, iRobot said its net loss for the quarter ended June 28 was $4.5 million, or $0.18 per share, compared with $4.8 million, or $0.20, for the same quarter a year ago. Revenues were $67.2 million, versus $47 million for the period a year earlier.
“The company performed well in a difficult environment. The second quarter and first half results demonstrate the resiliency of our business in an unstable economic market,” he added,” said CEO Colin Angle in a statement.
In today’s trading, shares of the Burlington, Mass.-based company are at $15.07 at 10:26 a.m. ET, up $1.74 from Wednesday’s close.
“The company performed well in a difficult environment. The second quarter and first half results demonstrate the resiliency of our business in an unstable economic market,” he added,” said CEO Colin Angle in a statement.
In today’s trading, shares of the Burlington, Mass.-based company are at $15.07 at 10:26 a.m. ET, up $1.74 from Wednesday’s close.
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