Sonos beats analysts’ revenue estimates
IN THIS ARTICLE
- Earnings Topic
- Staff Report Author
By Staff Report Thursday, November 15th, 2018
Sonos’ earnings report for the final quarter of the year came as a pleasant surprise for investors, with record revenue of $273 million topping analyst estimates by nearly 10 percent. Shares edged up 1.7 percent ahead of the announcement Nov. 15 and soared past its August IPO price in after-hours trading, gaining 18 percent to…