Shares of iRobot Corp. IRBT fell in the extended session Monday after the consumer robot company’s earnings beat for the quarter did little to push its full-year earnings outlook above the Wall Street estimate. Shares of iRobot dropped 7% after hours, following a 4.5% decline in the regular session to close at $103.96. The company reported second-quarter net income of $7.4 million, or 26 cents a share, compared with a loss of $18.1 million, or 64 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 41 cents a share, versus a loss of 32 cents a share in the year-ago period. Revenue rose to $303.3 million from $192.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 8 cents a share on revenue of $263.5 million. The company forecast earnings of $3 to $3.25 a share on revenue of $1.67 billion to $1.71 billion for the year. Analysts had estimated $3.24 a share on revenue of $1.65 billion for the year. “While it is still early in the year and there is substantial work ahead, we are very excited about our potential to deliver upside to our current targets, assuming demand signals remain favorable and we successfully mitigate the semiconductor chip constraints that are disrupting a wide range of industries,” said Colin Angle, iRobot chairman and chief executive, in a statement. By the close, iRobot shares have gained 75% over the past 12 months, while the S&P 500 index SPX has gained 48%.
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