BEDFORD, Mass., Feb. 15, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, announced today it will issue its fourth-quarter 2023 financial results after market close on Monday, February 26, 2024. The earnings press release will be posted at https://investor.irobot.com/news-releases.  In conjunction with this news, iRobot will host a live webcast and conference call, open to all interested investors, to review its fourth-quarter 2023 financial results and discuss its outlook on T ...

In this podcast, Motley Fool analyst Jason Moser and host Deidre Woollard discuss:Why Amazon ended the iRobot deal.Where iRobot could go next.If Sofi is building the next big bank.Eric Siegel, author of The AI Playbook, explains some of the challenges facing companies looking to adopt artificial intelligence.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows t ...

Amazon's (AMZN -0.95%) bid to buy iRobot (IRBT -6.39%) is over. But this hardly ends the robot maker's saga as the company deals with losses and growing debt on its balance sheet. Travis Hoium covers the challenge ahead in this video.*Stock prices used were end-of-day prices of Jan. 29, 2024. The video was published on Jan. 30, 2024. ...

By now, you've probably heard the news: The European Commission (EC) wanted Amazon (AMZN 0.66%) to make unspecified concessions to allay its concerns that allowing the e-commerce giant to acquire iRobot (IRBT -7.65%) wouldn't hinder competition among manufacturers of robot vacuums. iRobot refused, making it unlikely the EC would approve Amazon taking iRobot in house. And today, Amazon made it official: It's walking away from the merger, and is in fact so uninterested in acquiring iRobot at this point that i ...

Plans by Amazon and vacuum cleaner maker iRobot to merge have been abandoned following concerns that the move would harm competition.The $1.4bn (£1.1bn) deal, which was first announced in August 2022, had previously been approved by UK regulators. But in November the European Commission expressed concerns the online retailer might give iRobot's products preferential treatment on its website - ahead of rival vacuum companies - if the merger went ahead.Amazon confirmed on Monday that the deal had now collapse ...

Even as the artificial intelligence (AI) boom continues, some companies in the space are struggling. For iRobot (NASDAQ:IRBT), the future appears questionable at best. The company best known for producing the iconic Roomba vacuum has been trending downward for the past month, but recently, it has made three troubling announcements. To start, Amazon (NASDAQ:AMZN) has decided not to acquire the company due to regulatory concerns. But it only gets worse from there. iRobot is about to lay off more than 30% of i ...

Irobot (NASDAQ:IRBT) layoffs are coming for the Roomba company’s employees after its plans to be acquired by Amazon (NASDAQ:AMZN) fell apart.With the Amazon deal no longer moving forward, iRobot has revealed that it is laying off roughly 31% of its workers. That means about 350 of the company’s employees are losing their jobs.To go along with these layoffs, iRobot has announced that chairman and CEO Colin Angle is stepping down from the company. Now the company plans to focus on improving margins, reducing ...

Amazon has nixed plans to buy Roomba maker iRobot after the companies mutually determined the pending acquisition has “no path to regulatory approval in the European Union.”In a related announcement Monday, iRobot revealed that it would lay off about 350 employees, or 31% of its overall workforce, as part of a restructuring effort. Colin Angle will step down as chairman and CEO of iRobot, with chief legal officer Glen Weinstein stepping in as his interim replacement.The shock decision came after reports su ...

Announces Leadership Transition  Provides Preliminary Fourth Quarter Results; Schedules Conference Call for February 27, 2024 BEDFORD, Mass., Jan. 29, 2024 /PRNewswire/ -- Today, iRobot Corporation (NASDAQ: IRBT), a leader in consumer robots, announced that it will implement an operational restructuring plan designed to position the Company for stabilization in the current environment, while focusing on profitability and advancing key growth initiatives to extend its market share in the mid-tier and premium ...

Today’s price action has been impressive, particularly for certain beaten-down stocks. For example, shares of iRobot (NASDAQ:IRBT) stock are rocketing 8% higher today on news that BlackRock (NYSE:BLK) has increased its stake in the Roomba maker. This move is notable, considering that IRBT stock has lost roughly half of its value since the start of the year following a report that European Union (EU) regulators plan to block the company’s merger with Amazon (NASDAQ:AMZN). BlackRock’s increased position was n ...