Investing.com - Sonos reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sonos announced earnings per share of $-0.32 on revenue of $316.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $-0.43 on revenue of $306.13M.
Sonos shares are down 43% from the beginning of the year and are trading at $15.61 , down-from-52-week-high.
Sonos shares lost 7.30% in after-hours trade the report.
Sonos follows other major Consumer Discretionary sector earnings this month
Sonos's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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