Sonos Q4 Loss Narrower Than Expected, Revenues Fall Y/Y, Stock Jumps [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 44 cents compared with a loss of 25 cents in the year-ago quarter. The Zacks Consensus Estimate was pegged at a loss of 22 cents per share. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Quarterly revenues fell 16.3% year over year to $255.4 million. The figure was well within the company's guided range of $240-$260 million. Management noted that the fourth quarter sales were affected due to lower sales across the portfolio owing to app issues and the decision to delay two major product launches (planned for the fiscal fourth quarter) until the app would meet expected quality standards. The top line surpassed the Zacks Consensus Estimate by 2.2%. The company released two new products, Arc Ultra and Sub 4, in October 2024. Sonos expects the demand for these products to gain from the upcoming holiday season. Sonos, Inc. price-consensus-eps-surprise-chart | Sonos, Inc. Quote Fiscal 2024 revenues of $1.52
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SONO
News
- Sonos (SONO) Up 5.4% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- 23 Best Cyber Monday Bluetooth Speaker Deals [CNET News]CNET News
- Sonos Reports Environmental Progress On Headphones, New Products, and Climate PlanBusiness Wire
- Sonos Unveils Era 100 Pro for Professional Audio Installation [Yahoo! Finance]Yahoo! Finance
- Sonos to Launch Era 100 Pro, Its First-Ever Solution for Professional Installation, in January 2025Business Wire
SONO
Earnings
- 11/13/24 - Beat
SONO
Sec Filings
- 12/16/24 - Form 8-K
- 12/3/24 - Form 144
- 11/19/24 - Form 4
- SONO's page on the SEC website