Here's Why Sonos Stock Jumped 22% During February
SONOS(SONO) The Motley Fool·2024-03-06 04:19
Shares of premium speaker company Sonos (SONO -1.96%) jumped 21.7% during February, according to data provided by S&P Global Market Intelligence. The stock jumped higher early in the month after the company reported quarterly financial results. And it held on to gains even after a report suggested it's having trouble with a new product.On Feb. 6, Sonos reported financial results for the fiscal first quarter of 2024 -- a three-month period that ended on Dec. 30. It's true that the company's Q1 revenue was do ...