Sonos stock falls despite record revenue and higher net income

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Sonos stock falls despite record revenue and higher net income

By Marissa Nall / Wednesday, February 6th, 2019 / Comments Off on Sonos stock falls despite record revenue and higher net income

Shares of Santa Barbara smart speaker maker Sonos, buoyed by speculation about its entry into the headphone market or possible acquisition by tech giant Apple, plummeted as much as 20 percent on Feb. 6 following the release of its earnings results from the holiday season. Buzz among analysts and investors, and the release of a…

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