SANTA BARBARA, Calif., October 21, 2019 – Shares of Sonos Inc. (NASDAQ: SONO) declined -1.93% to $13.24. The stock traded total volume of 487.345K shares lower than the average volume of 1.39M shares.

Sonos, Inc. (“Sonos”) (SONO) reported a loss of $22.80M in its fiscal second quarter. On a per-share basis, the Santa Barbara, California-based company said it had a loss of 22 cents. The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The maker of wireless speakers and home sound systems posted revenue of $210.20M in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $215.60M.

SONO has the market capitalization of $1.44B and its EPS growth ratio for the past five years was -30.60%. The return on assets ratio of the Company was 3.80% while its return on investment ratio stands at -4.00%. Price to sales ratio was 1.16 while 66.30% of the stock was owned by institutional investors.