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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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ajtj99
To: Qone0 who wrote (84718)2/28/2024 1:40:15 PM
From: Sun Tzu1 Recommendation   of 98247
 
Thanks.

BTW, IRBT closing above 12.40 makes it a buy.

==========

Robot drops on bigger-than-expected loss forecast
Feb 27, 202406:46 EST

IRBT-2.55%
** Roomba vacuum maker iRobot's shares IRBT fall 4.6% to $11.57 before the bell

** Co forecasts FY24 adjusted loss per share of $3.73-$3.30, much bigger than analysts estimates of $2.49, as per LSEG data

** Expects H1 rev to drop in high-teens to low-20s pct range yoy, and sees only mid-single-digit pct improvement yoy in H2

** iRobot posts in-line Q4 revenue but its adjusted loss of $1.82/shr is smaller than estimates of a $2.11

** Up to last close, stock had fallen 68.6% YTD compared with a 19.5% decline in 2023
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