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The speaker maker’s first quarterly report was in line with expectations, but failed to justify a huge run-up in stock price
Investors should fine-tune their expectations for Sonos.
Public barely a month, the maker of premium wireless speakers issued its first quarterly report Monday afternoon. That report was preceded by the strongest movement the stock has made in its young life. Sonos shares closed the day up more than 13% at $21.64.
The report had little to...