Sprout Social Q3 Adj $(0.01) Beats $(0.05) Estimate, Sales $85.53M Beat $84.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sprout Social reported Q3 losses of $(0.01) per share, beating the analyst consensus estimate of $(0.05) by 80%. The company also reported quarterly sales of $85.53 million, beating the analyst consensus estimate of $84.20 million by 1.58%. This represents a 30.97% increase over sales from the same period last year.
November 02, 2023 | 9:16 pm
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POSITIVE IMPACT
Sprout Social's Q3 results exceeded analyst expectations, which could lead to a positive short-term impact on the stock.
Sprout Social's Q3 results exceeded analyst expectations, both in terms of EPS and sales. This positive surprise could lead to increased investor confidence and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100