Why Sonos Stock Jumped by Nearly 5% Today
Investors turned up the volume on audio products maker Sonos (NASDAQ: SONO) Thursday. They bid the company's stock up by 4.5% following the release of its first set of 2022 earnings.
For its first quarter, Sonos earned $664.5 billion, which was 3% higher than the same quarter of 2021. Going in the opposite direction was non-GAAP (adjusted) earnings, which slipped to just under $145 million ($1.02 per share) from the year-ago result of $153.2 million.
Image source: Getty Images.
Source Fool.com
