Sonos Beats Revenue Targets Despite Dip
Home audio solutions specialist (NASDAQ:SONO)reported fiscal 2025 first-quarter earnings on Thursday, Feb. 6, that exceeded analysts' consensus estimates. Adjusted earnings per share (EPS) of $0.64 beat the estimated $0.30 while Q1 revenue reached $551 million, outdoing the expected $519 million. However, both metrics were down significantly from the previous year's equivalent quarter.
The company showed signs of strategic progress as it works to restructure itself, pointing towards potential future growth opportunities. Sonos management said it told staff it plans to reduce its workforce by around 12% to cut costs.
Source: Sonos. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. EBITDA = Earnings before interest, taxes, depreciation, and amortization. pps = Percentage points.
Source Fool.com
Sonos Inc Stock
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