Sonos Inc SONO shares are trading higher in Wednesday's after-hours session after the company announced better-than-expected financial results.
Sonos said fiscal second-quarter revenue increased 20.1% year-over-year to $399.8 million, which beat the $352.84 million estimate, according to data from Benzinga Pro. The company reported a quarterly adjusted earnings of 26 cents per share, which beat the estimate of 7 cents per share.
"While the world remains unpredictable, we remain confident that we can deliver another record-setting year in Fiscal 2022," said Patrick Spence, CEO of Sonos.
Sonos maintained its full-year 2022 revenue outlook. The company expects full-year revenue to be in the range of $1.95 billion and $2 billion versus the $1.97 billion estimate. Adjusted EBITDA is expected to be between $290 million and $310 million, which was narrowed from previously issued guidance of $290 million to $325 million.
SONO 52-Week Range: $19.72 - $42.57
The stock was up 19% in after-hours at $22.62 at press time.
Photo: courtesy of Sonos.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
