Sonos (NASDAQ:SONO) reported its Q1 earnings results on Tuesday, February 6, 2024 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Sonos beat estimated earnings by 115.38%, reporting an EPS of $0.84 versus an estimate of $0.39.
Revenue was down $59.71 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 17.09% increase in the share price the next day.
Here’s a look at Sonos’s past performance:
| Quarter | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.19 | -0.20 | -0.18 | 0.40 |
| EPS Actual | -0.07 | 0.16 | 0.04 | 0.79 |
| Revenue Estimate | 302.68M | 334.24M | 297.97M | 587.95M |
| Revenue Actual | 305.15M | 373.36M | 304.17M | 672.58M |
To track all earnings releases for Sonos visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
