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Sonos: Fiscal 3Q Earnings Snapshot

August 7, 2019

SANTA BARBARA, Calif. (AP) _ Sonos Inc. (SONO) on Wednesday reported a loss of $14 million in its fiscal third quarter.

The Santa Barbara, California-based company said it had a loss of 13 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.

The maker of wireless speakers and home sound systems posted revenue of $260.1 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $243 million.

Sonos expects full-year revenue in the range of $1.25 billion to $1.26 billion.

Sonos shares have risen 3.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.16, a decline of 47% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SONO at https://www.zacks.com/ap/SONO

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