Sonos Q1 Adj EPS $0.84 Beats $0.39 Estimate, Sales $612.87M Beat $587.20M Estimate
Portfolio Pulse from saritha@benzinga.com
Sonos (NASDAQ:SONO) reported Q1 adjusted EPS of $0.84, surpassing the $0.39 estimate, a 115.38% beat, and a 6.33% increase from last year's $0.79. Q1 sales were $612.87M, exceeding the $587.20M estimate by 4.37%, despite an 8.88% decrease from last year's $672.58M.
February 06, 2024 | 9:07 pm
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Sonos reported a significant beat on both EPS and sales estimates for Q1, with EPS at $0.84 against a $0.39 estimate and sales at $612.87M against a $587.20M estimate.
The significant beat on both earnings per share and sales estimates for Sonos in Q1 indicates strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential short-term stock price appreciation.
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