BEDFORD, Mass. (AP) _ IRobot Corp. (IRBT) on Wednesday reported a first-quarter loss of $30.4 million, after reporting a profit in the same period a year earlier.
The Bedford, Massachusetts-based company said it had a loss of $1.12 per share. Losses, adjusted for one-time gains and costs, came to 66 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.38 per share.
The robotics technology company posted revenue of $292 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $302.4 million.
IRobot expects full-year earnings in the range of $1.50 to $2.10 per share, with revenue in the range of $1.64 billion to $1.74 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRBT at https://www.zacks.com/ap/IRBT
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