RTTNews | Dec 14, 2021 10:04AM EST

10:04 Tuesday, December 14, 2021 (RTTNews.com) - Shares of software company Sprinklr, Inc. (CXM) are down 4 percent on Tuesday's trading despite there being no company announcement to impact the stock.

The company's stock had been on an upward trend since the last few days after its third-quarter results beat the Street estimates and its fourth-quarter revenue outlook came in better than the Street view.

Sprinklr reported net loss of $29.23 million or $0.11 per share in the quarter compared with net loss of $18.97 million or $0.21 per share in the same quarter a year ago. Excluding one-time items, loss per share was $0.06, that beat the consensus estimate of analysts polled by Thomson Reuters of $0.09 loss per share.

Looking forward to the fourth quarter, revenue is expected between $129 million and $131 million. Analysts' view stands at $128.33 million.

Currently at $15.13, the stock has traded between $12.12 and $26.50 during the past 52 weeks.

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