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Sonos lays off 7%, or about 130 employees

09:21am, Wednesday, 14'th Jun 2023
Sonos expects to incur up to $14 million in restructuring costs in the third quarter.
Sonos Inc. SONO said Wednesday it's planning to cut 7% of its workforce and will scale back its real estate footprint and re-evaluate other spending. The speaker maker disclosed the news in a regulato
Sonos (SONO) reported earnings 30 days ago. What's next for the stock?
Every once in a while, I like to consider stocks to buy on the dip. These are companies whose shares have fallen by 10% or more in the past week.

Why Sonos Stock Tumbled This Week

01:45pm, Friday, 12'th May 2023
Consumers are not spending money on home audio right now. Sonos saw sales fall 24% year over year last quarter.

Why Sonos Stock Got Smacked Down Today

01:22pm, Thursday, 11'th May 2023
Sonos' revenue dropped in its most recent quarter and its profit margins worsened. Management reduced full-year guidance while maintaining its long-term vision.
The Yahoo Finance Live team discusses the decline of Sonos shares on earnings amid a slowdown in consumer demand and how investors are reacting.
Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries that consumers were dialing down purchases of its premium speakers in a turb
Guidance for 2023 revenue was reduced to between $1.63 billion and $1.68 billion. It was previously a range of $1.7 billion to $1.8 billion.
Sonos, Inc. (NASDAQ:SONO ) Q2 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants James Baglanis - Senior Director, Investor Relations Patrick Spence - Chief Executive Officer E
Sonos (SONO) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to earnings of $0.06 per share a year ago.
Shares of Sonos Inc. SONO dropped more than 20% in the extended session Wednesday after the maker of audio products beat expectations for its fiscal second quarter but cut guidance for the year due to
Sonos Inc and Alphabet's Google LLC will face off in a San Francisco federal trial on Monday over claims that Google copied Sonos' patented smart-speaker technology in wireless audio devices like Goog

Final Trades: Energy Transfer, HYG, Nvidia, Sonos

07:16pm, Wednesday, 03'rd May 2023
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that after market close on Wednesday, May 10, 2023 the company will report financial results for the second quarter e
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