Sonos (SONO) jumps on Q1 results; Analyst bullish amid 'exciting product roadmap'
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Sonos Reports First Quarter Fiscal 2024 Results
February 6, 2024 4:05 PM ESTSANTA BARBARA, Calif.--(BUSINESS WIRE)-- Sonos, Inc. (Nasdaq: SONO) today reported first quarter fiscal 2024 results.
First Quarter Fiscal 2024 Financial Highlights (unaudited)
Revenue decreased 8.9% year-over-year to $612.9 million; on a constant-currency basis, revenue decreased 10.5% year-over-year Gross margin increased 374 basis points year-over-year to 46.1% GAAP net income of $80.9 million compared to $75.2 million last year GAAP diluted earnings per share (EPS) of $0.64 compared to $0.57 last year Non-GAAP net income1 of $106.1 million compared to $103.4 million last year Non-GAAP diluted EPS1 of... More