UPDATE 1-IRobot Q3 earnings beats estimates, raises FY view

* Q3 EPS $0.27 vs est $0.07

* Q3 rev up 20 pct to $94.2 mln

* Sees Q4 earns and rev above Street view

* Sees FY earns and rev Street expectations

Oct 27 (BestGrowthStock) – Robot-maker IRobot Corp (IRBT.O: ) posted
quarterly results that handily beat estimates, helped by a
one-time tax benefit, and forecast full-year outlook above
Street expectations, sending its shares up as much as 9 percent
after the bell.

The company, which makes robots that clean carpets as well
as military robots that disarm bombs, said it expects
fourth-quarter earnings of 10-12 cents on revenue of $108-$113
million, above analysts expectations of 6 cents a share on
revenue of 101.99 million.

It raised its full-year earnings outlook to 80-82 cents a
share, on revenue of $395-$400 million. Analysts on average
expect the company to earn 57 cents on revenue of $389.6
million, according to Thomson Reuters I/B/E/S.

For the third quarter it earned $7 million, or 27 cents a
share, compared with $2.6 million, or 10 cents a share, a year
ago.

Revenue for the quarter rose 20 percent to $94.2 million.

Analysts were expecting the company to earn 7 cents a share
on revenue of $94.8 million.

“The third-quarter results include a $2.3 million one-time
tax benefit associated with the release of state deferred tax
allowances,” the company added.

IRobot shares closed at $19.35 Wednesday on Nasdaq.
(Reporting by Arnika Thakur in Bangalore; Editing by Don
Sebastian)

UPDATE 1-IRobot Q3 earnings beats estimates, raises FY view