Sonos gives upbeat earnings outlook despite supply challenges

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Sonos Inc. met sales expectations for its most recent quarter while issuing an upbeat outlook for its new fiscal year as the maker of smart audio equipment continues to face supply-chain impacts but expects the pressures to ease as 2022 progresses.

The speaker manufacturer saw fiscal-fourth quarter revenue rise to $359.5 million from $339.8 million, while analysts surveyed by FactSet were looking for $360 million.

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