Sonos (NASDAQ:SONO) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Sonos (NASDAQ:SONO) issued its earnings results on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04, Zacks reports. Sonos had a negative return on equity of 4.97% and a negative net margin of 2.51%.

Sonos Trading Up 9.4 %

Shares of SONO traded up $1.35 during midday trading on Thursday, hitting $15.61. The stock had a trading volume of 1,993,325 shares, compared to its average volume of 1,994,958. Sonos has a fifty-two week low of $10.23 and a fifty-two week high of $19.76. The business has a 50-day simple moving average of $14.41 and a two-hundred day simple moving average of $13.18. The firm has a market cap of $1.88 billion, a P/E ratio of -47.28 and a beta of 1.97.

Sonos Company Profile

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website.