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Stock impact report

Sonos (SONO) Down 4.5% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]

Sonos, Inc. (SONO) 
Last sonos, inc. earnings: 2/5 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is Sonos due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Sonos Reports Loss in Q2 Sonos reported second-quarter fiscal 2024 non-GAAP loss per share of 34 cents. It registered earnings per share of 4 cents in the prior-year quarter. 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 challenging macroeconomic environment. However, the top line surpassed the Zacks Consensus Estimate by 2.5%. Sonos is investing to drive innovation for supporting long-term business growth. As part of this strategy, Show less Read more
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