Sprout Social: Q4 Earnings Snapshot

CHICAGO (AP) — CHICAGO (AP) — Sprout Social Inc. (SPT) on Tuesday reported a loss of $20.1 million in its fourth quarter.

On a per-share basis, the Chicago-based company said it had a loss of 36 cents. Earnings, adjusted for stock option expense and amortization costs, were 2 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The developer of cloud software posted revenue of $93.6 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $90.8 million.

For the year, the company reported a loss of $66.4 million, or $1.19 per share. Revenue was reported as $333.6 million.

For the current quarter ending in March, Sprout Social said it expects revenue in the range of $97.2 million to $97.3 million.

The company expects full-year earnings in the range of 22 cents to 23 cents per share, with revenue ranging from $425.3 million to $425.5 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPT at https://www.zacks.com/ap/SPT