Earnings Outcomes: Sprout Social inventory drops as income forecast for present quarter falls quick

Sprout Social Inc. shares dropped within the prolonged session Tuesday after the social-media administration software program firm’s income forecast for the present quarter fell wanting Wall Avenue estimates.

Sprout SPT shares fell 18% within the prolonged session Tuesday, after closing the common session down 3.7% at $48.32. The inventory is already down 14.4% yr so far, versus a 7.3% acquire by the S&P 500 index SPX and a 15.4% acquire by the tech-heavy Nasdaq Composite Index COMP.

Sprout…