Sonos (SONO) shares slumped on Thursday, a day after the maker of headphones and home sound systems cut its guidance and delayed two hardware releases as it races to fix bugs in its app.
Sonos, Inc. SONO reported third-quarter fiscal 2024 non-GAAP earnings per share of 23 cents. It had registered earnings per share of 16 cents in the prior-year quarter.
Sonos, Inc. (NASDAQ:SONO ) Q3 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Corporate Participants James Baglanis - Head-Investor Relations Patrick Spence - Chief Executive Officer Saori Casey - Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James Steve Frankel - Rosenblatt Rayyana Matraji - Jefferies Erik Woodring - Morgan Stanley Operator Thank you for standing by. My name is Dale, and I will be your conference operator today.
While the top- and bottom-line numbers for Sonos (SONO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Sonos (SONO) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.16 per share a year ago.
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Investors need to pay close attention to Sonos (SONO) stock based on the movements in the options market lately.
Sonos (SONO) unveils new over-the-ear Bluetooth headphone, which features Active Noise Cancelation and Aware Mode.
The premium-headphone market is soaring while Sonos speaker sales are sagging, but the competition with Apple will be fierce.