Why iRobot Dropped 16% Today

Howard Smith, The Motley Fool
·2 min read
Why iRobot Dropped 16% Today
Why iRobot Dropped 16% Today

Shares of iRobot (NASDAQ: IRBT), the maker of the Roomba robotic vacuum cleaner, are down 16% today as of 10:45 a.m. EDT, even after a strong quarterly earnings report. Chairman and Chief Executive Officer Colin Angle noted in the release that revenue exceeded its expectations in every geography, with particular strength in the U.S. market.