The company posted a loss of $5.2 million, or 4 cents a share, for the quarter ended Tuesday, compared with a loss of $37.9 million, or 31 cents a share, a year earlier. Adjusted earnings were 4 cents a share.
Chief Executive Tom Conrad said Sonos grew in every region this year. Chief Financial Officer Saori Casey said the company delivered higher profits while absorbing $56 million in higher memory costs.
Sonos shares fell 2.3% in late trading to $16.50.

Comments (0)
No comments yet. Be the first!