Sonos (SONO) Q1 Earnings Beat Estimates, Revenues Fall Y/Y
SONOS(SONO) Zacks Investment Research·2024-02-08 00:00
Sonos, Inc. (SONO) reported first-quarter fiscal 2024 non-GAAP earnings per share (EPS) of 84 cents compared with 79 cents in the prior-year quarter. On a GAAP basis, the company reported EPS of 64 cents compared with 57 cents in the year-ago quarter. The Zacks Consensus Estimate was pegged at 60 cents.Quarterly revenues decreased 8.9% (down 10.5% on a constant-currency basis) year over year to $612.9 million due to soft consumer demand. However, the top line surpassed the Zacks Consensus Estimate by 4.1%.F ...