Shares of iRobot Corp. (IRBT, Financial) jumped more than 15% after reporting second quarter earnings per share of 37 cents on revenue of $226.3 million, higher than the $183.1 million in revenue reported in the second quarter of 2017. The company beats earnings estimates by 19 cents and revenue estimations by $6.56 million.
Operating income was $13.4 million, compared with $4.1 million in the second quarter of 2017. For the first semester of 2018, operating income was $38.8 million, compared with $25.7 million a year ago.
For the full fiscal year, the company now expects revenue to be between $1.06 and $1.08 billion and earnings per share to fall between $2.30 to $2.50.
Shares of Ingersoll-Rand PLC (IR, Financial) jumped more than 4% after reporting second quarter earnings per share of $1.85 on revenue of $4.36 billion. The company beat earnings by 12 cents and revenue by $150 million.
Bookings were up 18%, and enterprise revenue rose 11%. Organic revenue was up 9% with growth in virtually all products and geographies and continued strong growth in services and parts. Enterprise reported revenue growth included approximately 1 percentage point of growth from foreign exchange and approximately 1 percentage point from acquisitions. Enterprise equipment revenue grew 11% and services and parts revenues grew 12%.
Disclosure: The author holds no position in any stocks mentioned.
