iRobot Reports 4th Quarter Earnings, projects $8-10 million 2008 pre-tax profit

iRobot has reported fourth quarter earnings at the level they pre-announced, with full-year earnings of just $500,000 not counting a one-time $8.6 million income tax benefit. But the company announced much-improved 2008 expectations of $8-10 million pre-tax profit, despite a stock compensation expense of up to $7 million. The growth of 32 percent for the year significantly exceeded the guidance from a year ago, although profits suffered as nickel prices rose and the company fought a costly lega
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