Sonos (NASDAQ:SONO) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Sonos (NASDAQ:SONO) announced its earnings results on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04, Zacks reports. Sonos had a negative net margin of 2.51% and a negative return on equity of 4.97%.

Sonos Stock Performance

Sonos stock opened at $15.00 on Friday. Sonos has a one year low of $10.23 and a one year high of $19.76. The stock’s fifty day moving average price is $14.41 and its two-hundred day moving average price is $13.18.

About Sonos

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website.