IRobot Q3 Profit Declines - Quick Facts

(RTTNews) - iRobot Corp. (IRBT) reported third-quarter net income of $7.80 million or $0.26 per share, compared to $15.21 million or $0.54 per share, last year.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.24 for the quarter. Analysts' estimates typically exclude special items.

Revenue declined to $124.50 million, from $126.30 million, a year ago. Analysts expected revenue of $127.35 million for the quarter.

The company narrowed its full year 2013 guidance ranges to: revenue of between $485 million and $490 million, and earnings per share of between $0.90 to $0.95. Analysts expect the company to report fiscal 2013 profit per share of $0.98, on revenue of $492.18 million.

iRobot expects its fourth-quarter revenue in the range of $124 million-$129 million, and earnings per share in the range of $0.06-$0.11. Analysts expect the company to report fourth-quarter profit per share of $0.17 on revenue of $128.99 million.

For 2014, iRobot said its preliminary revenue expectations are for mid-high teen growth, consistent with its financial targets.