SONOS-Sonos (SONO) Q1 Earnings and Revenues Surpass Estimates

Sonos (SONO) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of$ 0.60 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this maker of wireless speakers and home sound systems would post a loss of$ 0.05 per share when it actually produced a loss of $0.07, delivering a surprise of -40%.Over the last four ...