52-Week Low Alert: iRobot; iWarning; iCFO Exit (IRBT)
May 1, 2008 by Douglas A. McIntyreiRobot Corp. (NASDAQ: IRBT) shares are seeing their share of sellers today. The company posted a loss of -$0.16 EPS on $57.3 million in revenues, while First Call estimates were -$0.16 and $55 million. Unfortunately, despite the stock well off of highs this story doesn’t get much better.
The company’s guidance for fiscal-2008 is now $0.12 to $0.17 EPS on revenues of $295 to $305 million, while estimates are $0.23 EPS and $298 million.
The company also lost its CFO Geoffrey Clear, who is resigning to pursue opportunities with emerging companies with $50 to $300 million in revenues.
To add insult to injury, shares are down about 13% pre-Market to $13.90, and that will mark a new 52-week low if that holds. The prior 52-week range was $14.51 to $24.30.
Jon C. Ogg
May 1, 2008
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