Sonos: Fiscal Q3 Earnings Snapshot

August 10, 2022 GMT

SANTA BARBARA, Calif. (AP) _ Sonos Inc. (SONO) on Wednesday reported a loss of $597,000 in its fiscal third quarter.

On a per-share basis, the Santa Barbara, California-based company said it had a loss of less than 1 cent.

The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The maker of wireless speakers and home sound systems posted revenue of $371.8 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $428.3 million.

Sonos expects full-year revenue in the range of $1.73 billion to $1.76 billion.

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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