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.