Sonos shares down 25% after missing earnings and revenue expectations, lowering full-year guidance
IN THIS ARTICLE
- Banking & Finance Topic
- Jorge Mercado Author
By Jorge Mercado Thursday, August 11th, 2022
Sales of Sonos' Roam portable speaker have been affected by softening consumer demand across the industry, the company said. (courtesy photo) High inflation coupled with a change in consumer habits has turned down the volume on Santa Barbara-based Sonos’ fiscal year, as the home audio company struggled to meet analysts’ expectations in the third quarter.…