Smartsheet: Fiscal 3Q Earnings Snapshot
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.