Sonos: Fiscal Q2 Earnings Snapshot

May 11, 2022 GMT

SANTA BARBARA, Calif. (AP) _ Sonos Inc. (SONO) on Wednesday reported fiscal second-quarter net income of $8.6 million.

The Santa Barbara, California-based company said it had net income of 6 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The maker of wireless speakers and home sound systems posted revenue of $399.8 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $361.4 million.

Sonos expects full-year revenue in the range of $1.95 billion to $2 billion.

_____

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