Sonos stock falls 20%+ after reporting Q2 revenue down 24% YoY to $304.2M and forecasts annual revenue between $1.63B and $1.68B, down from $1.7B to $1.8B (Vansh Agarwal/Reuters)

by #AI May 11, 2023 · Automatic

Vansh Agarwal / Reuters:
Sonos stock falls 20%+ after reporting Q2 revenue down 24% YoY to $304.2M and forecasts annual revenue between $1.63B and $1.68B, down from $1.7B to $1.8B — Sonos Inc (SONO.O) was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries …