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iRobot: Prospects Remain Strong Despite Lowered Guidance

iRobot (IRBT) recently reported mixed quarter 4 results, with the company beating earnings expectations, but falling short on revenue and guidance. The company's quarterly revenue of $159.3M missed analyst estimates' by approximately $5M, which is not terribly off the mark. In addition, the company increased its Home Robot business by 19% in 2014, which is good news considering this segment makes up for more than 90% of the company's total business.

The following are highlights from the company's quarterly results:

- iRobot's full year revenue was $556.8M, which represents a 14% YOY increase from the company's 2013 revenue of $487.4M.

- iRobot reported a quarterly net income of $9.4M, which represents an impressive 300% YOY increase.

- The company reported a quarter 4 EPS of $0.31, which represents 300% YOY increase from $0.11.

- The company's domestic Home Robot revenue grew more than 20% in 2014, while its international… Read More …