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Fly News Breaks for December 18, 2019
IRBT
Dec 18, 2019 | 08:30 EDT
Needham analyst James Ricchiuti keeps his Hold rating on iRobot, also lowering his FY19 and FY20 EPS views by 4c and 65c to $2.68 and 60c respectively. The analyst says his update is driven by expectations of a more promotional strategy for Roomba to maintain its market share and believes that his prior assumptions for gross margins appear optimistic, given the costs required to fund with these pricing and marketing initiatives.
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