U.S. Stocks Trade Higher; Producer Prices Unexpectedly Decline In July
U.S. stocks traded higher this morning, following the release of PPI data.
Morgan Stanley Maintains Equal-Weight on Sonos, Lowers Price Target to $20
Morgan Stanley analyst Erik Woodring maintains Sonos (NASDAQ:SONO) with a Equal-Weight and lowers the price target from $28 to $20.
Why Sonos Stock Is Diving Today
Sonos Inc (NASDAQ: SONO) shares are trading lower Thursday after the company reported weak top-line results, issued guidance below analyst estimates and announced a CFO transition.
Walt Disney, Cardinal Health And 3 Stocks To Watch Heading Into Thursday
With US stock futures trading higher this morning on Thursday ahead of the producer price index for July, some of the stocks that may grab investor focus today are as follows:
Sonos Q3 Adj. EPS $0.19 Beats $0.07 Estimate, Sales $371.80M Miss $419.34M Estimate
Sonos (NASDAQ:SONO) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $0.07 by 171.43 percent. This is a 29.63 percent decrease over earnings of $0.27 per share from the same
Earnings Scheduled For August 10, 2022
Companies Reporting Before The Bell
• Wix.com (NASDAQ:WIX) is estimated to report earnings for its second quarter.
