iRobot’s bullish view wanes on outlook with revenue growth slowing
February 07, 2018 at 21:24 PM EST
Shares of iRobot, the maker of the Roomba vacuum, tumbled 20% in after-hours trading, after the company gave a disappointing outlook for 2018, indicating slower revenue growth. Investors are now worrying about the impact of Shark in the market and that its biggest growth spurt may be over.