
Anthony Lee 2023/05/03 1:57pm
What Happened: Shares of social media management software company Sprout (NASDAQ:SPT) fell 15.3% in the after-market session after the company reported first-quarter results that narrowly beat analysts' revenue estimates. Earnings per share (EPS) and free cash flow also exceeded the Consensus estimates. However, ARR missed and the company lost customers compared to Q4, which is a worrying sign of potential competition or product issues. Additionally on the negative front, revenue and EPS guidance for the next quarter came in below the Consensus estimates. Overall, it was a weak quarter for the company. ... Continue Reading