Tariffs are disrupting the robotic cleaning device industry's growth outlook.
In a conference call, company leaders detail how U.S.-China trade war tariffs are wreaking havoc on the robotic vacuum industry.
The robotic vacuum maker lowered its full-year guidance due to the ongoing U.S.-China trade conflict.
IRBT earnings call for the period ending June 29, 2019.
The Roomba maker couldn't pass along higher costs, so profits are on track to fall sharply this year.
The home-robotics specialist had a decent second quarter but lowered its full-year outlook anyway.
Names on the move ahead of the open.
Gainers: DelMar Pharmaceuticals (DMPI) +39%. SigmaTron International (SGMA) +22%. Nuvectra Corporation (NVTR) +20%. Teradyne (TER) +18%. Manhattan Associat
Gainers: Workhorse Group (WKHS) +9%. At Home Group (HOME) +6%. Carlisle Companies (CSL) +6%. NIO (NIO) +5%. Losers: iRobot (IRBT) -19%. Tupperware Brands (
The home robotics leader delivered a solid quarter but fears tariffs will hurt domestic growth going forward.
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