05:27 AM EDT, 06/06/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Sprinklr ( CXM ) shares declined more than 18% in premarket activity Thursday as a fiscal Q2 guidance miss and cut to the sales outlook for the full financial year took the shine out of its Q1 beat reported overnight.

The company reported fiscal Q1 non-GAAP earnings late Wednesday of $0.09 per diluted share, up from $0.06 a year earlier.

Analysts surveyed by Capital IQ expected $0.07.

Revenue for the quarter ended April 30 was $196 million, up from $173.4 million a year earlier.

Analysts surveyed by Capital IQ expected $194.4 million.

The company said it expects fiscal Q2 non-GAAP EPS of $0.06 to $0.07. Analysts surveyed by Capital IQ expect $0.09. It expects revenue for the quarter of $194 million to $195 million. Analysts expect $196.9 million.

Sprinklr ( CXM ) raised its fiscal year 2025 non-GAAP EPS guidance to between $0.40 and $0.41 from $0.38 to $0.39 previously. Analysts expect $0.38. The company lowered revenue estimates for the year to between $779 million and $781 million from $804.5 million to $805.5 million previously. Analysts expect $805.1 million.

The company separately said that it appointed Trac Pham as co-chief executive, effective immediately. Pham most recently served as Sprinklr's ( CXM ) interim chief operating officer.

Price: 8.85, Change: -1.99, Percent Change: -18.36