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CHICAGO (AP) — CHICAGO (AP) — Sprout Social Inc. (SPT) on Tuesday reported a loss of $10.3 million in its first quarter.
The Chicago-based company said it had a loss of 19 cents per share. Earnings, adjusted for stock option expense, came to 6 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The developer of cloud software posted revenue of $75.2 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $75 million.
For the current quarter ending in June, Sprout Social expects its per-share loss to be 2 cents.
The company said it expects revenue in the range of $78.6 million to $78.7 million for the fiscal second quarter.
Sprout Social expects full-year earnings in the range of 7 cents to 8 cents per share, with revenue ranging from $332 million to $333 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SPT">Zacks stock report on SPT at https://www.zacks.com/ap/SPT