Sonos Stock Pops After Revenue Beat
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Sonos Inc (NASDAQ:SONO) saw its stock rise by 5.3% after reporting a fourth-quarter revenue of $255.4 million, which beat analysts' forecasts. The company's adjusted loss per share was 18 cents, aligning with estimates.
November 14, 2024 | 4:00 pm
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Sonos Inc's stock increased by 5.3% following a revenue beat in its fourth-quarter earnings report. The company reported $255.4 million in revenue, surpassing analyst expectations, while its adjusted loss per share was in line with estimates.
The stock price of Sonos Inc increased due to the positive surprise in revenue, which exceeded analyst forecasts. This indicates strong sales performance, positively impacting investor sentiment despite the loss per share being in line with expectations.
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