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Sonos shares rise in earnings after Q1 profits increased.
Sonos shares rose by 12% following an increase in the company's profits during the fiscal first quarter.
Despite a drop in sales, Sonos experienced improvements in gross margin and net income, leading to an after-hours stock increase of 13% subsequently.
The company's stock has also grown by more than 52% in the past three months.
The financial results of the quarter were revealed amidst a challenging market environment.
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Las acciones de Sonos aumentan sus ganancias después de que aumentaran las ganancias del primer trimestre.