Shares of the Bedford, Massachusetts-based company rose more than 4% in extended trading as it separately forecast annual revenue above estimates. Roomba-parent iRobot also beat revenue estimates for the first quarter, during which analysts had expected much of the company’s restructuring efforts to take place. Founder Colin Angle had stepped down as CEO in January, saying that the company might be better served by a new leader with turnaround experience.
Yahoo! Finance: IRBT News
