SANTA BARBARA, Calif. (AP) — SANTA BARBARA, Calif. (AP) — Sonos Inc. (SONO) on Wednesday reported a loss of $31.2 million in its fiscal fourth quarter.
On a per-share basis, the Santa Barbara, California-based company said it had a loss of 25 cents. Losses, adjusted for stock option expense and non-recurring costs, were 7 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The maker of wireless speakers and home sound systems posted revenue of $305.1 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $305.8 million.
For the year, the company reported a loss of $10.3 million, or 8 cents per share. Revenue was reported as $1.66 billion.
Sonos expects full-year revenue in the range of $1.6 billion to $1.7 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SONO at https://www.zacks.com/ap/SONO
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