September 26, 2022
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Sonos shares down 25% after missing earnings and revenue expectations, lowering full-year guidance

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Sales of Sonos' Roam portable speaker have been affected by softening consumer demand across the industry, the company said. (courtesy photo) High inflation coupled with a change in consumer habits has turned down the volume on Santa Barbara-based Sonos’ fiscal year, as the home audio company struggled to meet analysts’ expectations in the third quarter.…

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