Irobot reports first-quarter 2020 financial results

Irobot reports first-quarter 2020 financial results.q1 non-gaap loss per share $0.32.q1 gaap loss per share $0.64.q1 revenue $192.5 million versus refinitiv ibes estimate of $178.9 million.q1 earnings per share estimate $-0.47 -- refinitiv ibes data.initiates cost-reduction actions to drive $30 million in 2020 savings.company granted exclusion from section 301 list 3 tariffs.expects to record a restructuring charge of approximately $2 million in q2.irobot - headcount reduction of 70 positions, within its research & development organization represents about 5% of its workforce as of march 28.irobot furloughed 14 sales and marketing professionals involved in supporting company's european in-store retail activities.company has suspended go-to-market plans for its terra robot lawnmower.
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