
Sonos Inc (NASDAQ:SONO) shares are trading higher in Wednesday's after-hours session after the company announced better-than-expected financial results.
Sonos said fiscal second-quarter revenue increased 20.1% year-over-year to $399.8 million, which beat the $352.84 million estimate, according to data from Benzinga Pro. The company reported a quarterly adjusted earnings of 26 cents per share, which beat the estimate of 7 cents per share.