Wall Street is scrambling to parse the chip maker's bad second quarter, including missing its outlook for revenue. Read More...
Motley Fool
Amazon’s iRobot Acquisition Is About More Than Just Vacuums
Last week, Amazon (NASDAQ: AMZN) announced it would be purchasing Roomba maker iRobot (NASDAQ: IRBT) for $1.7 billion, or $61 per share. In its second-quarter report, released in conjunction with the acquisition announcement, iRobot reported revenue down 30% from a year ago, with operating losses ballooning to $63.9 million, from a $3 million loss in the year-ago quarter.
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