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.
The robotic cleaning device specialist made Wall Street nervous in its last earnings report, which showed net losses combined with falling sales volumes. Investors will be watching closely for signs of a return to steady sales and earnings growth in the second half of the year. Most investors who follow the stock are expecting to see sales fall approximately 14% to $303 million.