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Sonos stock shoots up after reporting strong Q1

By   /   Wednesday, February 5th, 2020  /   Comments Off on Sonos stock shoots up after reporting strong Q1

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Holiday spending cranked up Sonos sales 13 percent in its fiscal first quarter to $562 million, well ahead of analyst estimates. Shares for the Santa Barbara smart speaker company shot up 8 percent in after-hours trading following the Feb. 5 announcement in which Sonos reported a 15 percent gain in net income to $71 million.…

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