12 days ago • Posted by William Ramstein
Sonos stock on the rise with high performing quarter.
Shares of the speaker maker exploded 15% on Thursday as it smashed sales and profit forecasts for its first fiscal quarter. The 15-year-old company delivered its second straight upbeat outlook for its current fiscal year, too. Here’s how Sonos fared compared to Wall Street estimates: Net Sales: up 15% year-over-year to $645.6 million versus $589.8 million estimate Adjusted EBITDA: up 78% year-over-year to $166.3 million versus estimates for $130 million Adjusted Diluted EPS: $1.17 cents a share versus estimates for 98 cents a share Full Year Guidance: Net Sales: $1.53 billion to $1.58 billion; previous $1.44 billion to $1.55 billion Adjusted EBITDA: $195 million to $225 million; previous $170 million to $205 million