Sonos: Fiscal 2Q Earnings Snapshot
Sonos: Fiscal 2Q Earnings Snapshot
SANTA BARBARA, Calif. (AP) _ Sonos Inc. (SONO) on Thursday reported a loss of $22.8 million in its fiscal second quarter.
On a per-share basis, the Santa Barbara, California-based company said it had a loss of 22 cents.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The maker of wireless speakers and home sound systems posted revenue of $210.2 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $215.6 million.
Sonos shares have risen 4.5% since the beginning of the year.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SONO at https://www.zacks.com/ap/SONO