Shares of Sonos Inc. dropped greater than 20% within the prolonged session Wednesday after the maker of audio merchandise beat Wall Avenue expectations for its fiscal second quarter however minimize steerage for the 12 months attributable to “softening shopper demand.”
Sonos SONO misplaced $31 million, or 24 cents a share, within the quarter, swinging from earnings of $8.6 million, or 6 cents a share, within the year-ago quarter. Adjusted for one-time objects, Sonos earned 4 cents a share.
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