Smartsheet: Fiscal 2Q Earnings Snapshot
BELLEVUE, Wash. (AP) _ Smartsheet Inc. (SMAR) on Tuesday reported a loss of $12.3 million in its fiscal second quarter.
On a per-share basis, the Bellevue, Washington-based company said it had a loss of 12 cents. Losses, adjusted for stock option expense and amortization costs, were 8 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The maker of a cloud-based work-management platform posted revenue of $42.4 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $39.1 million.
For the current quarter ending in November, Smartsheet expects its results to range from a loss of 16 cents per share to a loss of 15 cents per share.
The company said it expects revenue in the range of $43.5 million to $44.5 million for the fiscal third quarter.
Smartsheet expects full-year results to range from a loss of 56 cents per share to a loss of 52 cents per share, with revenue ranging from $167 million to $169 million.