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March 19, 2019, 5:01 p.m. EDT

Smartsheet stock rallies more than 10% after results top Street estimates

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By Wallace Witkowski

SMAR

Smartsheet Inc. /quotes/zigman/111494085/composite SMAR +0.63% shares rallied in the extended session Tuesday after the cloud-based work platform topped Wall Street estimates for the quarter and forecast better-than-expected revenue. Smartsheet shares rallied 12% after hours, following a 0.5% decline to close the regular session at $43.44. The company reported a fourth-quarter loss of $11.7 million, or 11 cents a share, compared with $8.7 million, or 45 cents a share, in the year-ago period. The adjusted loss was 7 cents a share. Revenue rose to $52.2 million from $33 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 14 cents a share on revenue of $49.7 million. Smartsheet expects a loss of 19 cents to 18 cents a share on revenue of $54 million to $55 million for the quarter, and 59 cents to 55 cents a share on revenue of $253 million to $257 million a year. Analysts had forecast a loss of 14 cents a share on revenue of $52.6 million for the quarter, and 52 cents a share on revenue of $243.8 million for the year.

/quotes/zigman/111494085/composite
US : U.S.: NYSE
$ 41.29
+0.26 +0.63%
Volume: 922,845
April 23, 2019 4:01p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.31 billion
Rev. per Employee
$161,419
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