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Sprout Social Q3 Earnings Release: Revenue and Adjusted Earnings Both Beat Wall Street Estimates

Associated Press +2 · ·by G4L

SPT
SPT Sprout Social Inc
$11.12 +0.54%
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  1. 1Sprout Social Inc. recorded revenue of $125.1 million during the period.
  2. 2Sprout Social Inc. reported adjusted earnings per share of 45 cents for the third quarter, adjusting for restructuring and stock-based compensation costs.
  3. 3Sprout Social Inc. reported a loss of $6.5 million for the third quarter, exceeding Wall Street expectations.

So what's the key point?

Sprout Social Inc. performed better than experts expected, recording revenue of $125.1 million. The loss was also smaller than anticipated, which is positive news for investors.

Source Associated Press +2 · View original ↗

Related 3-line summaries

Sprout Social to be tested on margin expansion through cost reduction Earnings Whispers · Oct 27Sprout Social beats 2Q adjusted EPS estimate at 26 cents Associated Press +1 · Aug 7Avis Budget Group Reports $183,000,000 in Third Quarter Net Income Associated Press +2 · 6d ago
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