SANTA BARBARA, Calif. (AP) — SANTA BARBARA, Calif. (AP) — Sonos Inc. (SONO) on Thursday reported net income of $50.2 million in its fiscal first quarter.
The Santa Barbara, California-based company said it had profit of 40 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 64 cents per share.
The maker of wireless speakers and home sound systems posted revenue of $550.9 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $525.1 million.
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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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