SONO Stock Recent News

Sonos, Inc. SONO, in collaboration with Sporty & Rich, has launched Sonos Ace x Sporty & Rich Limited Edition headphones. These headphones are exclusively available for $449 on the Sporty & Rich website and at their NYC flagship location.

Sonos has laid off 100 employees, 14 months after reducing its 1,800 headcount by seven. The home audio company confirmed the news with TechCrunch, following an initial report by The Verge.

Shares of Sonos declined sharply after posting Q3 results, bringing YTD losses to nearly 30%. The company's app redesign caused a number of glitches, hurting near-term sales and forcing a delay of the company's planned Q4 launches. In spite of the near-term guidance reduction associated with this fix, the company is still attractive in the long term, having successfully launched its headphone product Ace.

Sonos (SONO) shares slumped on Thursday, a day after the maker of headphones and home sound systems cut its guidance and delayed two hardware releases as it races to fix bugs in its app.

Sonos, Inc. SONO reported third-quarter fiscal 2024 non-GAAP earnings per share of 23 cents. It had registered earnings per share of 16 cents in the prior-year quarter.

While the top- and bottom-line numbers for Sonos (SONO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Sonos (SONO) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.16 per share a year ago.

Investments in innovative solutions that enhance experience are likely to aid Zacks Audio Video Production industry participants like Sony (SONY), Panasonic (PCRHY) and Sonos (SONO) amid cautious discretionary spending.

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that Saori Casey, Chief Financial Officer, and James Baglanis, Head of Investor Relations and Treasury, will participate in the Maxim Group Virtual Tech Conference on Wednesday, Jun. 5. Saori and James will participate in a fireside chat beginning at 8:30 am Eastern. A live webcast and replay of the fireside chat will be accessible in the News & Events section of the Sonos investor relations website: https://.

Investors need to pay close attention to Sonos (SONO) stock based on the movements in the options market lately.