SANTA BARBARA, Calif. (AP) — SANTA BARBARA, Calif. (AP) — Sonos Inc. (SONO) on Wednesday reported earnings of $3.7 million in its fiscal third quarter.
On a per-share basis, the Santa Barbara, California-based company said it had profit of 3 cents. Earnings, adjusted for stock option expense and amortization costs, were 23 cents per share.
The maker of wireless speakers and home sound systems posted revenue of $397.1 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $393.3 million.
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