The Latest Breaking News from iRobot

Less than two weeks after the announcement of its acquisition of US healthcare company One Medical, Amazon is continuing its expansion with a US$1.7 billion offer for iRobot, the manufacturer of Roomba automated vacuum cleaners.

 

Amazon keeps sneaking in into our homes with its aggressive acquisitions of smart device companies.

Amazon on Friday announced it has entered into an agreement to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion

Amazon.com Inc. said it would buy IRobot Corp., maker of the Roomba vacuum, for $1.65 billion as the e-commerce giant continues its push into internet-connected home devices and robotics.

Upgrades For Coupang Inc (NYSE:CPNG), JP Morgan upgraded the previous rating of Neutral to Overweight. The stock has a 52-week-high of $46.00 and a 52-week-low of $11.91. At the end of the last trading period, Coupang closed at $11.99.

iRobot (NASDAQ:IRBT) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:01 PM. Here's what investors need to know about the announcement. Earnings iRobot beat estimated earnings by 51.11%, reporting an EPS of $-0.66 versus an estimate of $-1.35.

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Shares of consumer robot company iRobot (IRBT) have retreated 48% in price over the past year as the company continues to grapple with the semiconductor chip shortage and supply chain bottlenecks. But the company intends to expand its operational capability and diversify its manufacturing footprint in the coming months through…