BUZZ-Sonos rises on Q1 profit beat

Reuters

02-06

BUZZ-Sonos rises on Q1 profit beat

** Shares of audio equipment maker Sonos Inc SONO.O rise 7.8% at $15.4

** Co posts Q1 adj. EPS of 64 cents vs estimates of 15 cents per share, according to data compiled by LSEG

** SONO records quarterly revenue of $551 million vs estimates of $519.5 million

** 3 of 6 brokerages rate the stock "buy" or higher; 2 "hold" and 1 "sell"; their median PT is $17 - LSEG

** Stock down ~12.25% in 2024

(Reporting by Rishab Shaju in Bengaluru)

((Rishab.shaju@thomsonreuters.com))

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