Sonos jumps 21% as strong pandemic sales prompt earnings beat
Isabelle LeeFeb 11, 2021, 22:48 IST
Sonos
Sonos jumped as much as 21% on Thursday after its revenue easily beat expectations.
The company saw adjusted earnings-per-share of $1.17 in the fiscal first quarter, beating the consensus analyst estimate of $0.98.
Sonos also lifted its full-year 2021 revenue forecast.
Shares of Sonos jumped as much as 21% on Thursday after a strong quarterly
earnings report.
The speaker-maker reported adjusted earnings-per-share of $1.17 in the fiscal first quarter, beating the consensus analyst estimate of $0.98. Sonos also lifted its full-year revenue forecast to between $1.53 billion and $1.58 billion, putting its full expected range above forecasts.
» Final nail in the bear case coffin : Here s what 4 analysts had to say about Netflix s 4th-quarter earnings Final nail in the bear case coffin : Here s what 4 analysts had to say about Netflix s 4th-quarter earnings
Ben WinckJan 20, 2021, 22:00 IST
Netflix
earnings on Tuesday that trounced estimates for revenue and subscriber growth.
While earnings missed expectations, shares climbed as investors praised improved sales and hopes for near-term share buybacks.
Here s what four analysts had to say about the company s fourth-quarter report.
Netflix reported fourth-quarter results on Tuesday that surged past analyst expectations and lifted shares to record highs.
The streaming giant revealed it added 8.51 million paid subscribers through the quarter, handily exceeding forecasts and its own guidance. While the growth lagged that seen in recent years, it suggests the resurgence of COVID-19 and renewed lockdowns drove more people to