IRobot Q3 Profit Rises; Increases Full Year EPS Guidance

(RTTNews) - iRobot Corp. (IRBT reported third-quarter net income of $14.6 million, compared to $7.8 million in the third quarter of 2013. Earnings per share were $0.48, compared to $0.26. Adjusted EBITDA was $29.7 million, compared to $17.2 million in the third quarter of 2013.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.33 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $143.5 million, compared to $124.5 million, a year ago. Analysts expected revenue of $134.33 million for the quarter.

The company expects fourth-quarter revenue in the range of $158 million to $167 million, earnings per share of $0.26 to $0.31, and adjusted EBITDA in the range of $17 million to $20 million. Analysts expect the company to report fourth-quarter profit per share of $0.35 on revenue of $167.84 million.

iRobot maintained its full-year revenue expectations. The company increased its EPS and Adjusted EBITDA expectations. iRobot continues to expect revenue to be $555 to $565 million. The company now expects EPS of between $1.20 and $1.25 and Adjusted EBITDA of $77 million to $80 million. Analysts expect the company to report full year profit per share of $1.14 on revenue of $556.20 million.