Business
    Next Score View the next score

    Mass. Movers

    IRobot boosts estimates on strong sales

    IRobot’s Roomba vacuum.
    iRobot Corp.
    IRobot’s Roomba vacuum.

    Shares of Bedford’s iRobot Corp. jumped after the company raised its first-quarter guidance, citing better results in both its home robot and defense and security business units. IRobot said it expects to earn 16 to 20 cents on revenue of $102 million to $104 million. It had previously expected net income to be flat to 7 cents a share on revenue between $98 million and $102 million. The company also named Alison Dean executive vice president and CFO, effective April 5.

    Advertisement