Smartsheet: Fiscal 2Q Earnings Snapshot

September 4, 2018

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.


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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