Sprinklr Shares Fall On Weak Guidance, New Co-CEO Announcement
Portfolio Pulse from Erica Kollmann
Sprinklr, Inc. (NYSE:CXM) shares fell after the company reported its first-quarter financial results and announced a new co-CEO. Despite beating earnings and sales estimates, the company cut its fiscal year 2025 revenue outlook, leading to a 20.20% drop in share price.
June 05, 2024 | 9:39 pm
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Sprinklr shares fell 20.20% after the company reported better-than-expected Q1 earnings and sales but cut its fiscal year 2025 revenue outlook. The appointment of a new co-CEO was also announced.
Despite beating earnings and sales estimates, the significant cut in fiscal year 2025 revenue outlook has led to a sharp decline in share price. The market is reacting negatively to the reduced revenue guidance, overshadowing the positive earnings and sales performance. The appointment of a new co-CEO adds to the uncertainty.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100