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Sonos Delivers Q2 Results Beat

By Yasin Ebrahim

Investing.com —  Sonos reported Wednesday fiscal second-quarter quarter outcomes that topped Wall Road estimates whilst margins had been held again by rising price pressures.  

Sonos (NASDAQ:) was up greater than 16% in latest afterhours buying and selling. 

The corporate fiscal second-quarter EPS of $0.26, down from $0.31 a yr earlier, however above analysts’ estimates for $0.04. Income rose to $399.8 million from $332.9 million a yr earlier, topping forecasts of $352.6 million.

The beat on the underside line comes whilst margins slipped, pressured by rising prices amid ongoing supply-chain issues.  

Gross margin decreased 500 foundation factors year-over-year to 44.8%.

Trying forward, the corporate maintained its forecast for fiscal 2022 income in a variety of $1.95 billion to $2 billion. 

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