Sonos' (SONO) Q3 Earnings & Revenues Top Estimates, Up Y/Y

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. On a GAAP basis, the company reported earnings of 3 cents against a loss of 18 cents in the year-ago quarter. The Zacks Consensus Estimate was pegged at 19 cents. Quarterly revenues increased 6% year over year to $397.1 million, primarily benefiting from the launch of SONO's first over-the-ear Bluetooth headphone, Sonos Ace, earlier this q ...