IRobot Firmly Negative After Revealing Negative Tariff Impact

(RTTNews) - After falling sharply early in the session, shares of iRobot Corp. (IRBT) continue to see significant weakness in afternoon trading on Wednesday. iRobot is currently down by 10.8 percent after hitting its lowest intraday level in well over two months.

iRobot initially came under pressure after the robotics technology company said it expects tariffs to negatively impact its fourth quarter operating income by $5 million.

The comments about the negative tariff impact overshadowed news iRobot reported better than expected third quarter results and raised its full-year guidance.