Sonos shares spike after earnings report
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- Banking & Finance Topic
- Staff Report Author
By Staff Report Wednesday, May 11th, 2022
Santa Barbara-based Sonos beat analysts’ expectations in its most recent fiscal quarter, even as net income was nearly halved due to ongoing supply chain constraints and headwinds that the company expects to continue to hinder its business throughout the year. Sonos, a maker of audio speakers, reported earnings of 7 cents per share, or net…