USSTOCK.TODAY
Market Closed
Log in Sign up

Sprout Social to be tested on margin expansion through cost reduction

Earnings Whispers · ·by G4L

SPT
SPT Sprout Social Inc
$11.12 +0.54%
View chart & analysis →
  1. 1Sprout Social reduced approximately one-fifth of its workforce in July, aiming for at least $50 million in annual cost savings from its annual cost base.
  2. 2Market expectations include a non-GAAP earnings per share estimate of $0.30 and expected revenue of $123.8 million from The Street.
  3. 3Management increased the annual operating profit guidance by approximately 20% based on the midpoint last quarter.

So what's the key point?

Sprout Social reduced approximately one-fifth of its workforce in July, aiming for at least $50 million in annual cost savings from its annual cost base.

Source Earnings Whispers · View original ↗

Related 3-line summaries

Sprout Social Q3 Earnings Release: Revenue and Adjusted Earnings Both Beat Wall Street Estimates Associated Press +2 · 6d agoSprout Social beats 2Q adjusted EPS estimate at 26 cents Associated Press +1 · Aug 7US-listed ETF inflows reach $44.1 billion as semiconductor dip-buying intensifies etf.com +1 · Oct 27
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news