We present theoretical results pertaining to the ability of ℓp minimization to recover sparse and compressible signals from incomplete and noisy measurements. In particular, we extend the results of Cand`es, Romberg and Tao [1] to the p < 1 case. Our results indicate that depending on the restricted isometry constants (see, e.g., [2] and [3]) and the noise level, ℓp minimization with certain values of p < 1 provides better theoretical guarantees in terms of stability and robustness than ℓ1 minimization does. This is especially true when the restricted isometry constants are relatively large.