Sonos (SONO) Stock Jumps 5% following Q4 EPS Beat, Announces $150 Million Stock Repurchase Program
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Sonos (SONO) Tops Q4 EPS by 14c; Guides Above
November 17, 2021 4:07 PM ESTSonos (NASDAQ: SONO) reported Q4 EPS of $0.08, $0.14 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $359.5 million versus the consensus estimate of $360.23 million.
GUIDANCE:
Sonos sees FY2022 revenue of $1.925-2 billion, versus the consensus of $1.86... 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
Sonos forecasts 2022 sales above estimates; shares rise
November 17, 2021 4:05 PM ESTBy Stephen Nellis
(Reuters) -Sonos Inc on Wednesday forecast fiscal 2022 sales above analyst estimates, despite facing backlogs for its smart speakers because of supply constraints.
Sonos said it expects fiscal 2022 sales of between $1.925 billion and $2 billion, above Wall Street estimates of $1.86 billion, according to IBES data from Refinitiv.
Shares of Sonos were up 4.6% to $35 in after-hours trading following the results.
For the fiscal fourth quarter ended Oct. 2, Sonos reported sales of $359.54 million and... More
