Why would something like that jump so much after hours? I feel like reality doesn't make sense anymore.
The maker of smart speakers generated revenue of $645.6 million in its fiscal fourth quarter, up from $562.1 a year earlier and ahead of the $590 million that analysts surveyed by FactSet had been projecting.
Sonos continued to deal with some supply shortages, especially for its Arc sound bar, given container shortages coming out of Asia and a backlog in the port of Los Angeles. Spence expects to be caught up by the end of the current quarter.
The company also topped profit expectations for the holiday quarter. Sonos delivered net income of $132.3 million, or $1.01 a share, up from $70.8 million, or 60 cents a share, a year earlier, while analysts tracked by FactSet were projecting 86 cents. Sonos reported adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $166.3 million, above the $130 million FactSet consensus.
Spence said that increased customer demand was a big driver of the profit performance, along with better supply-chain efficiencies and accelerated growth in direct-to-consumer sales.
The company has seen “a ton of demand continuing” even after the holidays, according to Spence, and Sonos increased its forecast for the full fiscal year. Sonos now expects revenue of $1.525 billion to $1.575 billion, up from a prior forecast of $1.4 billion to $1.5 billion. The company also upped its adjusted Ebitda outlook, calling for $195 million to $225 million compared with its prior forecast of $170 million to $205 million.
Analysts were modeling $1.46 billion in revenue and $180 million in adjusted Ebitda.
People say a lot of things. It’s possible. I was ready to sell today if it hit $3.11Fucking Robinhood takes a week to transfer funds have 10k waiting, but can't use it. Maybe I can get lucky and buy it at 2.2 like I did earlier with 1k.
People are saying it's gonna hit 5$ so maybe if I can get it in I can double that 10k
AGTC up quite a bit after hours. I'm not familiar with any news that came out though.
ITRM above $3 now in pre market. I’m up over 200%. Thinking about exit or just getting my cost basis out and riding the rest.
Any recommendations? I usually take my profits and dump into VTI or SPYyou should cash out a portion and reinvest in a growth stock
I see what you did there.Weed stocks getting smoked this morning
Weed stocks getting smoked this morning
MmmkaySo drugs are bad.
Aye I had a share in Aphria, it was booming yesterday but it took a nose dive today... speaking of other cannabis stocks, SNDL(Sundial Growers) is looking good.Canada weed must be bad b/c they leading the losses in weed stocks
BMBL is going live today..... You guys think $43 is a good price?
Match Group seems better than Bumble. Match been using acquisitions more often to improve their P/E
Yo can you send me a PM, I legit need your advice on something I dont want to speak about out loudMatch Group seems better than Bumble. Match been using acquisitions more often to improve their P/E
PayPal
Bounce in and then bounce out. That's my planBMBL is going live today..... You guys think $43 is a good price?
Canada weed must be bad b/c they leading the losses in weed stocks
UP 4.0% on SQ and PAYPAL.
Up 13.0% since I bought more since last week Wednesday.
Nope. I chicken out at stocks at what? $200+ US.SQ and PAYPAL UP 31.0% and 28.0% since I recommended them. Hope ya'll had placed some money.