Sonos Q2 2024 Adj EPS $(0.34) Beats $(0.46) Estimate, Sales $252.662M Beat $247.407M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonos (NASDAQ:SONO) reported Q2 2024 adjusted EPS of $(0.34), surpassing the $(0.46) estimate, with sales of $252.662M exceeding the $247.407M forecast. This represents a significant decrease in earnings and sales from the same period last year.
May 07, 2024 | 8:52 pm
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Sonos reported better-than-expected Q2 2024 earnings and sales, but with a significant decrease from the previous year.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year decline in earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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