Why Sonos Stock Is Diving Today

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Sonos Inc (NASDAQ: SONO) shares are trading lower Thursday after the company reported weak top-line results, issued guidance below analyst estimates and announced a CFO transition.

Sonos said fiscal third-quarter revenue decreased 1.8% year-over-year to $371.8 million, which missed the estimate of $419.34 million, according to Benzinga Pro. The company reported quarterly adjusted earnings of 19 cents per share, which beat the estimate of 7 cents per share.

"We have …

Full story available on Benzinga.com

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