HomeTechHardwareSonos (SONO) Announces Buyback: Is That Why The Stock Is Rising?

Sonos (SONO) Announces Buyback: Is That Why The Stock Is Rising?

Sonos’ (SONO) 4Q earnings were recently released. Its adjusted EPS came in at -$0.07 versus an estimated -$0.18 and revenue came in at $305.10M versus an estimated $299.40M. SONO sees FY24 revenue of $1.6B versus $1.7B versus an estimated $1.71B. George Tsilis discusses SONO as he thinks there is a short squeeze happening in the stock. He also goes over the stock buyback that SONO announced. Tune in to find out more about the stock market today.

Next Gen Investing

16 Nov 2023

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