Sonos: Q1 Earnings Insights - Sonos (NASDAQ:SONO)

Sonos 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.

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.

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.