Why iRobot Stock Keeps Falling
IRBTiRobot(IRBT) The Motley Fool·2024-03-13 00:42

iRobot (IRBT -6.08%) stock isn't having a great 2024. Since Amazon.com (AMZN 2.00%) confirmed in January that it will walk away from its deal to buy the Roomba maker, iRobot stock has fallen 40%. It didn't help that the company released its first financial report post-breakup on Feb. 26 showing sales down 14% and a $2.28 per-share loss in Q4. And now, things are getting worse. iRobot just gave investors guidance for Q1 2024, and its stock is down another 4.2% through 11 a.m. ET. iRobot Q1 2024 earnings guid ...