Sono Group N.V. (SEV) Prices 10M Share IPO at $15/sh
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Sonos (SONO) Stock Gains on Strong FY22 Guidance and $150 Million Buyback Plan, Analyst Cautious Amid Semiconductor Supply Challenges
November 18, 2021 7:06 AM ESTShares of Sonos (NASDAQ: SONO) are trading higher in pre-open Thursday after the company reported positive FQ4 earnings and guidance.
Sonos reported $0.08 EPS to smash the analyst estimate of ($0.06). Revenue for the quarter came in at $359.5 million versus the consensus estimate of $360.23 million.
Patrick Spence, Sonos CEO, commented, We have just completed a record fiscal 2021 and are confident in the long-term growth, profit and cash generation of our model. We are committed to driving long-term shareholder value. Our strong balance sheet enables us to implement this... More
Sonos (SONO) Announces $150M Share Buyback
November 17, 2021 4:06 PM ESTSonos, Inc. (Nasdaq: SONO) today announced that its Board of Directors has authorized a common stock repurchase program of up to $150 million.
Since September 2019, the company has completed $100 million in stock repurchases, including its most recent $50 million stock repurchase program which it completed in the fourth quarter of fiscal 2021. Under these prior authorizations, the company repurchased 5.2 million shares at... More
