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Why Sonos Stock Jumped 12% This Morning

Why Sonos Stock Jumped 12% This Morning

Home audio specialist Sonos (NASDAQ: SONO) reported impressive second-quarter results on Wednesday evening, sending the stock as much as 16% higher in after-hours trading. The stock cooled down a bit after the initial surge of investor enthusiasm, notching a maximum jump of 12.1% on Thursday morning. On the bottom line, Sonos swung from an adjusted net loss of $0.34 per share to adjusted earnings of $0.31 per share.