Sonos Q3 EPS $0.16 Beats $(0.20) Estimate, Sales $373.36M Beat $334.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonos (NASDAQ:SONO) reported Q3 earnings of $0.16 per share, beating the analyst consensus estimate of $(0.20) by 180 percent. This is a 15.79 percent decrease from the same period last year. The company also reported quarterly sales of $373.36 million, beating the analyst consensus estimate of $334.24 million by 11.70 percent, a 0.42 percent increase from the same period last year.
August 09, 2023 | 8:16 pm
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POSITIVE IMPACT
Sonos reported better than expected Q3 earnings and sales, which could positively impact its stock price.
Sonos reported Q3 earnings and sales that beat analyst estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100