The company has an investor event planned for March 9. ![]() ![]() The company also upped its adjusted Ebitda outlook, calling for $195 million to $225 million compared with its prior forecast of $170 million to $205 million.Īnalysts were modeling $1.46 billion in revenue and $180 million in adjusted Ebitda. Sonos now expects revenue of $1.525 billion to $1.575 billion, up from a prior forecast of $1.4 billion to $1.5 billion. The company has seen “a ton of demand continuing” even after the holidays, according to Spence, and Sonos increased its forecast for the full fiscal year. One share of SONO stock can currently be purchased for approximately 19.37. Spence said that increased customer demand was a big driver of the profit performance, along with better supply-chain efficiencies and accelerated growth in direct-to-consumer sales. is currently listed on NASDAQ under SONO. Shares of the speaker and sound system manufacturer surged 16.46. Sonos reported adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $166.3 million, above the $130 million FactSet consensus. SONO: Sonos Inc Stock Price Quote - NASDAQ GS - Bloomberg Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz. Sonos ( NASDAQ: SONO) stock soared on Thursday after posting stronger than expected earnings results on Wednesday evening. Sonos delivered net income of $132.3 million, or $1.01 a share, up from $70.8 million, or 60 cents a share, a year earlier, while analysts tracked by FactSet were projecting 86 cents. The company also topped profit expectations for the holiday quarter. Spence expects to be caught up by the end of the current quarter. ![]() Sonos continued to deal with some supply shortages, especially for its Arc sound bar, given container shortages coming out of Asia and a backlog in the port of Los Angeles. The quarter was “across the board strong for all of our products,” Chief Executive Patrick Spence told MarketWatch, as the company saw a record number of new customers purchase Sonosĭevices and a record number of existing customers add products to their homes. The maker of smart speakers generated revenue of $645.6 million in its fiscal first quarter, up from $562.1 a year earlier and ahead of the $590 million that analysts surveyed by FactSet had been projecting.
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