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Sonos reported a surprising profit per share of 16 cents, which is better than the estimated loss per share of 16 cents. The company’s revenue for the quarter reached $373.4 million, exceeding the estimate of $334.3M.
The company also revised its forecast for the full year. The new projection indicates that the company expects to generate between $1.64 billion and $1.66B in revenue. This compares to the previous forecast of $1.63B to $1.68B.
The company now anticipates generating between $148M and $158M in adjusted EBITDA, compared to the previous estimate of $138M to $168M.
“We remain on track to deliver against our fiscal 2023 guidance,” the company said.
