Sonos (SONO) Swings to Loss in Q2, Revenues Decline Y/Y [Yahoo! Finance]
Sonos, Inc. (SONO)
Last sonos, inc. earnings: 2/5 04:05 pm
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Source: Yahoo! Finance
On a GAAP basis, the company reported a loss of 56 cents compared with a loss of 24 cents in the year-ago quarter. The Zacks Consensus Estimate was pegged at a loss of 27 cents. Quarterly revenues decreased 16.9% (down 17.3% on a constant-currency basis) year over year to $252.7 million due to a challenging macroeconomic environment. However, the top line surpassed the Zacks Consensus Estimate by 2.5%. Sonos is investing in driving innovation to support long term business growth. As part of this strategy, it unveiled an extensively redesigned Sonos app. The company is on track to launch its new product in the upcoming weeks. Management noted that the new product will provide Sonos a foothold in a multi-billion-dollar category. This will also aid in diversifying its business. The company's shares are down 6.2% in pre-market trading on May 8. The stock has lost 19.3% in the past year compared with the sub-industry's decline of 12.6%. Image Source: Zacks Investment Research R
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SONO
News
- Compared to Estimates, Sonos (SONO) Q2 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Sonos Reports Second Quarter Fiscal 2024 Results [Yahoo! Finance]Yahoo! Finance
- Sonos Reports Second Quarter Fiscal 2024 ResultsBusiness Wire
- Sonos (SONO) to Report Q2 Earnings: What's in the Cards? [Yahoo! Finance]Yahoo! Finance
- Sonos (SONO) Redesigns Sonos App to Boost User Experience [Yahoo! Finance]Yahoo! Finance
SONO
Earnings
- 5/7/24 - Beat
SONO
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- SONO's page on the SEC website