Business

iRobot stock soars after profit, revenue rise

IRobot expects 90 percent of its revenue from home robots (above) this year. It also makes military and telepresence bots.
IRobot expects 90 percent of its revenue from home robots (above) this year. It also makes military and telepresence bots.iRobot Corp.

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A lot of people must hate housework: Sales of Roomba robotic vacuums drove iRobot Corp.’s quarterly sales up 25 percent from a year earlier to $126.3 million. The Bedford company earned 11 cents per share, up from a loss of 21 cents a year before. Revenue from home robots rose nearly 31 percent to $108.3 million. In 2014, iRobot expects to earn $1.08 a share on sales of $565 million, based on the midpoint of its guidance.

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