Shares of social media management software company Sprout (NASDAQ:SPT) fell 16.5% in the morning session after the company reported weak third-quarter earnings. Its EPS and revenue guidance for next quarter missed Wall Street's estimates. Notably, remaining performance obligations (RPO - leading revenue indicator) fell below consensus estimates during the quarter, raising concerns about sales heading in the last quarter of the year. Overall, this quarter could have been better.
Petr Huřťák is a journalist who writes for StockStory and Yahoo Finance, focusing on financial and market analysis. With a specialization in analyzing earnings reports and stock performance, Petr provides insights and highlights key trends in various industries, including software, retail, and beverages.