CHICAGO (AP) _ Sprout Social Inc. (SPT) on Thursday reported a loss of $13.9 million in its third quarter.
On a per-share basis, the Chicago-based company said it had a loss of 25 cents. Losses, adjusted for stock option expense, were 2 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The developer of cloud software posted revenue of $65.3 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $65 million.
For the current quarter ending in December, Sprout Social expects its per-share loss to be 2 cents.
The company said it expects revenue in the range of $69.8 million to $69.9 million for the fiscal fourth quarter.
Sprout Social expects a full-year loss of 10 cents per share, with revenue ranging from $254 million to $254.1 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