Brief: Sprout Social Announces First Quarter 2023 Financial Results Above Guidance Range

Sprout Social

02/05/2023 22:39

May 2 (Reuters) - Sprout Social Inc  SPT.O :
    * SPROUT SOCIAL ANNOUNCES FIRST QUARTER 2023 FINANCIAL
RESULTS
ABOVE GUIDANCE RANGE
    * SEES Q2 TOTAL REVENUE BETWEEN $78.6 MILLION AND $78.7
MILLION
    * SPROUT SOCIAL - SEES Q2 NON-GAAP NET LOSS PER SHARE OF
$0.02
BASED ON ABOUT 55.7 MILLION WEIGHTED-AVERAGE SHARES OF COMMON
STOCK OUTSTANDING
    * SEES Q2 SERVICES REVENUE WILL BE LOWER THAN Q2 OF 2022
    * SEES FY 2023 TOTAL REVENUE BETWEEN $332.0 MILLION TO
$333.0
MILLION
    * SEES FY 2023 SERVICES REVENUE WILL BE LOWER THAN 2022
LEVELS
    * SEES  2023 NON-GAAP NET INCOME PER SHARE OF BETWEEN $0.07
AND
$0.08
    * Q1 EARNINGS PER SHARE VIEW $-0.01, REVENUE VIEW $75.1
MILLION --
REFINITIV IBES DATA
    * Q2 EARNINGS PER SHARE VIEW $0.00, REVENUE VIEW $79.9
MILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $0.04, REVENUE VIEW $332.2
MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX2Bxqzs 
Further company coverage:  SPT.O 

 ((Reuters.Briefs@thomsonreuters.com;))