Sonos, Inc. is a leading audio company that specializes in the development and manufacturing of wireless sound systems and smart speakers
The company is recognized for its innovative approach to home audio, providing a seamless listening experience that integrates music streaming and home entertainment. Sonos products are designed for ease of use and high-quality sound, enabling customers to create customized audio environments throughout their homes. Additionally, Sonos emphasizes compatibility with various music services and smart home technology, making it a popular choice for tech-savvy consumers seeking enhanced audio experiences.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Sonos (NASDAQSONO) and the rest of the consumer electronics stocks fared in Q3.
Sonos on Monday announced that Patrick Spence will step down from his role as CEO and as a member of Sonos' board. Tom Conrad has been appointed as interim CEO while the board conducts a search for its next CEO.
Since June 2024, Sonos has been in a holding pattern, posting a small return of 2.1% while floating around $14.81. The stock also fell short of the S&P 500’s 9.9% gain during that period.
Audio technology Sonos company (NASDAQSONO) beat Wall Street’s revenue expectations in Q3 CY2024, but sales fell 16.3% year on year to $255.4 million. Its non-GAAP loss of $0.18 per share was in line with analysts’ consensus estimates.
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Peloton (NASDAQPTON) and its peers.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the consumer electronics industry, including Apple (NASDAQAAPL) and its peers.
