These Analysts Cut Their Forecasts On Sprout Social Following Q1 Results
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Sprout Social (NASDAQ:SPT) reported worse-than-expected first-quarter revenue results on Thursday.
Sprout Social posted adjusted earnings of 10 cents per share, versus market estimates of 1 cents per share. The company’s quarterly sales came in at $96.874 million, missing market estimates of $97.306 million, according to data from Benzinga Pro.
“We believe our business has fundamentally changed for the better over the past 18 months and we nicely overperformed our gross retention and margin plans during Q1,” said Joe Del Preto, CFO. “We underestimated the magnitude of …
Full story available on Benzinga.com
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