Sonos Shares Rise 9% on 1Q Profit, Revenue Beats

Dow Jones

06 Feb

By Chris Wack

Sonos shares were up 9% to $15.49 after the company reported first-quarter earnings that beat analysts' expectations Thursday.

The audio technology company said its quarterly net income fell to $50.2 million, or 40 cents a share, from $80.9 million, or 64 cents a share, in the prior-year period. Analysts polled by FactSet were looking for $16.6 million, or 17 cents a share.

Revenue for the quarter was $550.9 million, compared with last year's $612.9 million and the $519.8 million analysts were expecting.

Adjusted earnings were 64 cents a share, compared with the 30 cents a share analysts had forecast.

On Wednesday, the Santa Barbara, Ca., company said it was reducing the total size of its workforce by around 12% to cut costs, and it expects to book restructuring charges of $15 million to $18 million.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

February 06, 2025 10:07 ET (15:07 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2509277085"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2509277085\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2509277085?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-06 23:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2509277085","market":"nz","top_or_hot":-1,"title":"Sonos Shares Rise 9% on 1Q Profit, Revenue Beats","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  Sonos shares were up 9% to $15.49 after the company reported first-quarter earnings that beat analysts' expectations Thursday. \n</p>\n<p>\n  The audio technology company said its quarterly net income fell to $50.2 million, or 40 cents a share, from $80.9 million, or 64 cents a share, in the prior-year period. Analysts polled by FactSet were looking for $16.6 million, or 17 cents a share. \n</p>\n<p>\n  Revenue for the quarter was $550.9 million, compared with last year's $612.9 million and the $519.8 million analysts were expecting. \n</p>\n<p>\n  Adjusted earnings were 64 cents a share, compared with the 30 cents a share analysts had forecast. \n</p>\n<p>\n  On Wednesday, the Santa Barbara, Ca., company said it was reducing the total size of its workforce by around 12% to cut costs, and it expects to book restructuring charges of $15 million to $18 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2025 10:07 ET (15:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sonos Shares Rise 9% on 1Q Profit, Revenue Beats</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSonos Shares Rise 9% on 1Q Profit, Revenue Beats\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-06 23:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  Sonos shares were up 9% to $15.49 after the company reported first-quarter earnings that beat analysts' expectations Thursday. \n</p>\n<p>\n  The audio technology company said its quarterly net income fell to $50.2 million, or 40 cents a share, from $80.9 million, or 64 cents a share, in the prior-year period. Analysts polled by FactSet were looking for $16.6 million, or 17 cents a share. \n</p>\n<p>\n  Revenue for the quarter was $550.9 million, compared with last year's $612.9 million and the $519.8 million analysts were expecting. \n</p>\n<p>\n  Adjusted earnings were 64 cents a share, compared with the 30 cents a share analysts had forecast. \n</p>\n<p>\n  On Wednesday, the Santa Barbara, Ca., company said it was reducing the total size of its workforce by around 12% to cut costs, and it expects to book restructuring charges of $15 million to $18 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2025 10:07 ET (15:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SONO","symbol_name":"搜诺思公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2509277085","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509277085","pubTimestamp":1738854420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Sonos shares were up 9% to $15.49 after the company reported first-quarter earnings that beat analysts' expectations Thursday.The audio technology company said its quarterly net income fell to $50.2 million, or 40 cents a share, from $80.9 million, or 64 cents a share, in the prior-year period. Analysts polled by FactSet were looking for $16.6 million, or 17 cents a share.Revenue for the quarter was $550.9 million, compared with last year's $612.9 million and the $519.8 million analysts were expecting.Adjusted earnings were 64 cents a share, compared with the 30 cents a share analysts had forecast.On Wednesday, the Santa Barbara, Ca., company said it was reducing the total size of its workforce by around 12% to cut costs, and it expects to book restructuring charges of $15 million to $18 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SONO":"搜诺思公司"},"translate_title":"Sonos股价上涨9%，第一季度利润和收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SONO":0.9},"content_text":"By Chris Wack \n\n\n \n\n\n  Sonos shares were up 9% to $15.49 after the company reported first-quarter earnings that beat analysts' expectations Thursday. \n\n\n  The audio technology company said its quarterly net income fell to $50.2 million, or 40 cents a share, from $80.9 million, or 64 cents a share, in the prior-year period. Analysts polled by FactSet were looking for $16.6 million, or 17 cents a share. \n\n\n  Revenue for the quarter was $550.9 million, compared with last year's $612.9 million and the $519.8 million analysts were expecting. \n\n\n  Adjusted earnings were 64 cents a share, compared with the 30 cents a share analysts had forecast. \n\n\n  On Wednesday, the Santa Barbara, Ca., company said it was reducing the total size of its workforce by around 12% to cut costs, and it expects to book restructuring charges of $15 million to $18 million. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2025 10:07 ET (15:07 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}