Sonos Ace headphones during a media preview in New York, US, on Wednesday, May 15, 2024. Sonos ... [+] Inc. is entering the headphone market with a $449 device, part of an effort to turn the home-speaker company into a broader maker of consumer technology. Photographer: Jeenah Moon/Bloomberg© 2024 Bloomberg Finance LPSonos is scheduled to report earnings after Wednesday’s close. In 2021, the stock hit a record high near $44.72/share and is currently trading near $14/share. The stock is prone to big moves af ...

Sonos, Inc. (SONO) is scheduled to report fourth-quarter fiscal 2024 results on Nov. 13.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.For the quarter, SONO anticipates revenues between $240 million and $260 million. The Zacks Consensus Estimate for revenues is pegged at $252.7 million, indicating a decrease of 17.2% from the year-ago reported number. The consensus estimate for the bottom line is pegged at a loss of 22 cents compared with a loss of 7 cents reported in the prior yea ...

The upcoming report from Sonos (SONO) is expected to reveal quarterly loss of $0.22 per share, indicating a decline of 214.3% compared to the year-ago period. Analysts forecast revenues of $252.67 million, representing a decrease of 17.2% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its earnings, it ...

Sonos, Inc. (SONO) has made seven new commitments based on an internal review of its May app release, ensuring it continues to deliver the best wireless audio systems and that customers enjoy the quality for which the brand is known. Many of these efforts are already in progress, with additional measures set to be rolled out over the rest of the year. The company introduced an extensive redesign for its Sonos app to improve streaming in May 2024. However, the launch didn't go as planned, as some bugs were n ...

Sonos' May app relaunch will be studied as a business school cautionary tale for years to launch. The home audio firm prioritized netting new customers over its existing loyal fanbase as it added the Ace headphones to its product portfolio. The result was a bug-filled release that has led to missed revenues and a layoff round of 100+. Subsequent product releases have reportedly also been delayed. Repercussions are still being felt as October dawns. On Tuesday, however, the company laid out a plan it hopes w ...

A month has gone by since the last earnings report for Sonos (SONO) . Shares have added about 1.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Sonos due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Sonos Q3 Earnings & Revenues Beat Estimates Sonos reported t ...

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. During the peak of the tenniscore trend, major tennis tournaments have evolved into cultural events where celebrities and influencers showcase the latest fashion, a shift fully embraced by luxury brands. Emily Oberg, founder of Sporty & Rich, was seen incorporating Sono ...

Sonos has laid off 100 employees, 14 months after reducing its 1,800 headcount by 7%. The home audio company confirmed the news with TechCrunch, following an initial report by The Verge. "We made the difficult decision to say goodbye to approximately 100 team members representing 6% of the company. This action was a difficult, but necessary, measure to ensure continued, meaningful investment in Sonos' product roadmap while setting Sonos up for long-term success," CEO Patrick Spence notes in a statement prov ...

- 11 11 I T I i P 1 1 I l 11 T I Lukasz Kochanek Amid plenty of pessimism this year, shares of Sonos (NASDAQ:SONO) have continued a relentless year-long tumble, and declines steepened after the premium audio company reported fiscal Q3 (June quarter) results. Q3 was supposed to feature the success of Sonos' new headphone product, Ace: but instead, the results were overshadowed by a guidance cut, prompted by severe glitches in the new and redesigned Sonos app. Year to date, shares of Sonos are now down nearly ...

Key Takeaways Sonos lowered its outlook and delayed two product launches as it worked to fix a bug in its new app. The company said it had to put its full attention on repairing the app problem, which has led to problems for some customers of its audio products. The news overshadowed the firm's better-than-expected fiscal third-quarter results. 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 ...