AP NEWS

Smartsheet: Fiscal 3Q Earnings Snapshot

December 3, 2018

BELLEVUE, Wash. (AP) _ Smartsheet Inc. (SMAR) on Monday reported a loss of $15.6 million in its fiscal third quarter.

On a per-share basis, the Bellevue, Washington-based company said it had a loss of 15 cents. Losses, adjusted for stock option expense and amortization costs, came to 9 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The maker of a cloud-based work-management platform posted revenue of $46.9 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $44.1 million.

For the current quarter ending in January, Smartsheet expects its results to range from a loss of 15 cents per share to a loss of 13 cents per share.

The company said it expects revenue in the range of $49 million to $50 million for the fiscal fourth quarter.

Smartsheet expects full-year results to range from a loss of 44 cents per share to a loss of 42 cents per share, with revenue ranging from $174.6 million to $175.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMAR at https://www.zacks.com/ap/SMAR

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