Courtesy of Benzinga.
iRobot Corporation (NASDAQ: IRBT) shares are trading higher by $17.60 (20 percent) at $105.50 in Wednesday’s session.
Although the report doesn’t compare to estimates, investors are encouraged by the EPS beat of 55 cents along with a sales beat of $6.2 million. The company also raised its FY 2017 EPS and sales guidance.
After $13 higher open, iRobot had a quick $5.00 retreat to $95.75 before continuing is move higher. That low was well above the top of Tuesday’s range, which was $90.70. The continuation move higher has taken the stock to a new all-time high, surpassing its former all-time high from June 14 ($104.61), so far reaching $105.99 as of 11:35 a.m. EST.
Today’s price action is taking place on much higher than average volume. With over four hours remaining in the session, 4 million shares have traded compared to its 20-day average volume of only 1.12 million.
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