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Earnings Results: Sonos stock tanks 23% after audio equipment maker cuts guidance on ‘softening demand’

Shares of Sonos Inc. dropped more than 20% in the extended session Wednesday after the maker of audio products beat Wall Street expectations for its fiscal second quarter but cut guidance for the year due to “softening consumer demand.” Read Full Story The post Earnings Results: Sonos stock tanks 23% after audio equipment maker cuts guidance on ‘softening demand’ appeared first on ForexTV... Read More
Posted: May 11 2023, 02:11
Author Name: forextv
Views: 102719

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