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Stock impact report

Sprout Social stock skyrockets after first post-IPO quarterly results [MarketWatch]

Sprout Social, Inc - Class A (SPT) 
Last sprout social, inc - class a earnings: 2/26 04:10 pm Check Earnings Report
Company Research Source: MarketWatch
Sprout Social stock skyrockets after first post-IPO quarterly results Sprout Social Inc. SPT, -6.20% shares rose more than 29% in the extended session Wednesday after the social-media management company posted a narrower-than-expected adjusted quarterly loss and sales were above Wall Street expectations. Sprout Social said it lost $25.9 million, or $1.11 a share, in the fourth quarter, compared with a loss of $4 million, or 24 cents a share, in the fourth quarter of 2018. The company pinned the wider loss to a $20 million stock-based compensation charge related to its December initial public offering. Adjusted for one-time items, Sprout Social lost $5.9 million, or 25 cents a share, compared with a loss of $4 million, or 24 cents a share, in the fourth quarter of 2018. Revenue rose 26% to $28.1 million, Sprout said. Analysts polled by FactSet had expected Sprout Social to report an adjusted loss of 34 cents a share on sales of $27.3 million. Sprout in December priced an IPO of 8.82 Show less Read more
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