iRobot lowers FY19 EPS view to $2.40-$3.15 from $3.15-$3.40
Lowers FY19 revenue view to $1.2B-$1.25B from $1.28B-$1.31B. Consensus is for FY19 EPS $3.11 and for revenue $1.29B. The company added, "Although we achieved our U.S. revenue target in the Q2, we believe that the direct and indirect impacts of the ongoing U.S.-China trade war and the recently implemented 25% tariffs are likely to constrain U.S. market segment growth in the second half of the year below our expectations at the start of 2019. Given our results for the year-to-date and the anticipated impact of higher tariffs on domestic segment growth, we believe it is prudent to update our FY19 expectations. We now anticipate FY19 revenue of $1.2B-$1.25B, which represents year-over-year growth of approximately 10% to 14%, FY19 operating income of $75M-$100M, and FY19 EPS $2.40-$3.15."