iRobot (IRBT) shares are trading sharply higher after hours on better-than-expected Q1 results and stronger-than-anticipated forward guidance.
The company, which makes both the Roomba and other households robots as well as military robots, posted Q1 revenue of $95 million, up 67% from a year ago, and ahead of the Street at $83.8 million. Profits were 24 cents a share, crushing the Street consensus at 4 cents.
For Q2, the company sees revenue of $90 million to $95 million, with profits of 6-8 cents a share; the Street had been expecting $76 million and a loss of 4 cents.
For the full year, IRBT sees revenue of $375 million to $385 million, with profits of 35-40 cents a share, well above the Street at $353.5 million and 23 cents.
IRBT in late trading is up $3.28, or 21.6%, to $18.50.
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