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-- 11.3500 Sprinklr Falls 15%+ After Hours on Poorly Received Forward Guidance
$Sprinklr (CXM.US)$ fell some 15% after-hours Wednesday after the enterprise-software company beat analyst estimates for its fiscal Q1 2025 earnings and revenues, but revised Q2 revenue guidance below what those who follow the firm had been forecasting.
CXM shed 16.7% to $9.04 shortly before 4:45 p.m. ET after guiding fiscal Q2 revenues to a $779 million-$781 million range, down from management's previous $804.5 million-$805.5 million estimate. Analysts had reportedly been forecasting a $805.1 million consensus estimate.
Conversely, Sprinklr raised guidance for fiscal Q2 adjusted EPS to $0.40-$0.41 a share from a previous $0.38-$0.39 projection. That exceeded analysts' reported previous consensus forecast of $0.38.
The poorly received guidance overshadowed Sprinklr's fiscal Q1 earnings and revenue beats.
The firm reported $0.09 in non-GAAP EPS for the latest quarter on $196 million of revenues.
That exceeded the $0.07 adjusted EPS and $194.4 million of revenues that analysts had reportedly expected.
Meanwhile, Sprinklr also reported that it's appointed interim COO Trac Pham as co-CEO to serve alongside founder and current CEO Ragy Thomas. Pham is a former CFO of $Synopsys (SNPS.US)$.
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Jerry Kronenberg
Director of Financial Content
Former top editor at Seeking Alpha, Fidelity.com, TheStreet.com and UPI.
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