Sonos Q3 2024 Adj. EPS $0.23 Beats $0.01 Estimate, Sales $397.146M Beat $391.242M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonos (NASDAQ:SONO) reported Q3 2024 adjusted EPS of $0.23, significantly beating the analyst estimate of $0.01. Sales were $397.146 million, also surpassing the $391.242 million estimate. This represents a 43.75% increase in EPS and a 6.37% increase in sales compared to the same period last year.
August 07, 2024 | 8:56 pm
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Sonos reported Q3 2024 adjusted EPS of $0.23, beating the analyst estimate of $0.01 by a wide margin. Sales also exceeded expectations, coming in at $397.146 million. This strong performance indicates robust financial health and growth.
The significant beat on both EPS and sales estimates, along with strong year-over-year growth, is likely to positively impact Sonos' stock price in the short term. Investors will view this as a sign of strong financial performance and growth potential.
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IMPORTANCE 90
RELEVANCE 100