Here's Why Sonos Stock Jumped on Wednesday

Shares of premium audio company Sonos (SONO 15.43%) jumped Wednesday after it reported results for its fiscal 2024 first quarter. The company outperformed expectations on the top and bottom lines during those three months. As of 11:50 a.m. ET, Sonos stock was up 15.5%.Sonos starts its fiscal 2024 on a high noteFor the period, which ended on Dec. 30, revenue fell by almost 9% year over year to $613 million, while net income rose  almost 8% to $81 million. Both figures were ahead of Wall Street's expectations ...