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IRobot fiscal Q1 profit falls 15.2% YOY

iRobot Corp. said its normalized net income for the fiscal first quarter ended March 28 came to 14 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.

EPS decreased 15.8% year over year from 16 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.1 million, a decrease of 15.2% from $4.9 million in the prior-year period.

The normalized profit margin dropped to 3.8% from 4.3% in the year-earlier period.

Total revenue grew on an annual basis to $118.0 million from $114.2 million, and total operating expenses grew on an annual basis to $110.6 million from $106.2 million.

Reported net income fell 10.5% year over year to $4.8 million, or 16 cents per share, from $5.4 million, or 18 cents per share.