Sonos: Q3 Earnings Insights - Sonos (NASDAQ:SONO)

Sonos SONO reported its Q3 earnings results on Wednesday, August 10, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Sonos beat estimated earnings by 171.43%, reporting an EPS of $0.19 versus an estimate of $0.07.

Revenue was down $6.89 million from the same period last year.

Last quarter the company beat on EPS by $0.19 which was followed by a 14.26% increase in the share price the next day.

Here's a look at Sonos's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.07	0.93	-0.06	-0.17
EPS Actual	0.26	1.02	0.08	0.27
Revenue Estimate	352.84M	641.01M	360.23M	313.60M
Revenue Actual	399.78M	664.48M	359.54M	378.67M

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.