Sonos (SONO) Stock: Why It Fell Over 19% Today

By Amit Chowdhry ● Aug 11, 2022
  • The stock price of Sonos (SONO) fell by over 19% pre-market today. This is why.

The stock price of Sonos (SONO) fell by over 19% pre-market today. Investors are responding to the company’s third-quarter results.

For the third quarter, Sonos reported a Q3 EPS of $0.19, which was $0.13 higher than analyst estimates of $0.06. And the revenue for the quarter was $371.8 million compared to the consensus estimate of $424.03 million. 

In terms of guidance, Sonos expects FY2022 revenue of between $1.73 and $1.76 billion compared to the consensus of $1.96 billion.