Stock Track | Sprinklr Soars 6.76% in Pre-Market on Strong Q4 Earnings Beat and Share Buyback Announcement

Stock Track03-11

Sprinklr, Inc. (CXM) saw its stock price soar 6.76% in pre-market trading on Wednesday, following the release of its fourth-quarter financial results.

The company reported quarterly adjusted earnings of $0.13 per share, beating the analyst consensus estimate of $0.10 by 35.42%. This represents a 30% increase over earnings from the same period last year. Revenue for the quarter reached $220.592 million, exceeding estimates of $216.920 million by 1.69% and marking an 8.91% year-over-year increase.

Additionally, Sprinklr announced plans to execute a $125 million accelerated share repurchase program imminently. The company also provided a positive outlook, forecasting full-year adjusted EPS of $0.47 to $0.48 and total revenue between $869 million and $871 million.

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