BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — IRobot Corp. (IRBT) on Tuesday reported net income of $8.6 million in its first quarter.
The Bedford, Massachusetts-based company said it had net income of 30 cents per share. Losses, adjusted for one-time gains and costs, came to $1.53 per share.
The robotics technology company posted revenue of $150 million in the period.
For the current quarter ending in June, iRobot expects its results to range from a loss of $1.81 per share to a loss of $1.74 per share.
The company said it expects revenue in the range of $167 million to $172 million for the fiscal second quarter.
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