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Why Sonos Stock Jumped on Thursday

Why Sonos Stock Jumped on Thursday

Shares of Sonos (NASDAQ: SONO) were up 17% as of 1:02 p.m. ET on Thursday. The company delivered better-than-expected earnings results after the market close on Wednesday that sent the stock surging. Excluding currency changes, the top line would have grown by 7% over the year-ago quarter.