Sonos Stock Pops After Revenue Beat
SONOS(SONO) Schaeffers Investment Research·2024-11-14 23:37
Sonos Inc (NASDAQ:SONO) stock is 5.3% higher at $14.83, earlier rising as high as $15.69 after the audio equipment maker's adjusted fourth-quarter loss of 18 cents per share was in line with estimates and revenue of $255.4 million beat analysts' beat forecasts. Sonos is still trying to put out the fire set by launching its overhauled mobile application before the software was ready, with the company saying in its earnings presentation that "we have released 16 updates and restored 90 percent of missing feat ...