iRobot (IRBT) Reports Q2 Loss, Misses Revenue Estimates

iRobot Corporation (IRBT) reported second-quarter 2024 adjusted loss of $1.96 per share, wider than the Zacks Consensus Estimate of a loss of $1.77 per share. The reported figure compares unfavorably with the year-ago quarter’s net loss of $1.42 per share.Revenue DetailsiRobot generated revenues of $166.4 million, which missed the Zacks Consensus Estimate of $168 million. On a year-over-year basis, revenues decreased 29.7% due to lower sales across all product categories.Sales derived from premium and mid-t ...