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IRBT / iRobot swings to Q4 loss, says that chip shortage, shipping delays dent sales

iRobot swings to Q4 loss, says that chip shortage, shipping delays dent sales
Shares of iRobot Corp. IRBT, +4.07% tanked more than 11% in the extended session Wednesday after the maker of the Roomba robotic vacuum cleaner and other products reported a wider-than-expected fourth-quarter loss and sales fell short of estimates, saying that chip shortages, shipping delays and other supply-chain problems crimped its business. IRobot said it lost $31.5 million, or $1.17 a share, in the quarter, contrasting with a net income of $13 million, or 46 cents a share, in the year-ago quarter. Read More
Posted: Feb 9 2022, 16:40
Author Name: Market Watch
Views: 111019

IRBT News  

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By Zacks Investment Research
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By The Motley Fool
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Why iRobot Stock Fell 11.6% Last Month

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