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13.49
0.07%
-0.010
Why is Sonos Inc (SONO) Stock down?
We've noticed a 5.09% decline in Sonos Inc (SONO) stock during the 2024-11-15 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
11 May, 2023:
SONO’s shares fell after the company reported financial results for its latest quarter and lowered its full-year guidance. The revenue of $304 million was down a sharp 24% year over year. However, this was above expectations from Wall Street although it was in line with management’s outlook. Besides, SONO’s gross margin declined to 43.3% compared to a gross margin of 44.8% in the prior-year period.
https://www.fool.com/investing/2023/05/11/why-sonos-stock-got-smacked-down-today/
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