BELLEVUE, Wash. (AP) _ Smartsheet Inc. (SMAR) on Tuesday reported a loss of $44.2 million in its fiscal second quarter.
The Bellevue, Washington-based company said it had a loss of 35 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The maker of a cloud-based work-management platform posted revenue of $131.7 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $125.4 million.
For the current quarter ending in November, Smartsheet expects its results to range from a loss of 12 cents per share to a loss of 10 cents per share.
The company said it expects revenue in the range of $138 million to $139 million for the fiscal third quarter.
Smartsheet expects full-year results to range from a loss of 44 cents per share to a loss of 36 cents per share, with revenue ranging from $530 million to $533 million.
Smartsheet shares have climbed 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $82.85, an increase of 71% in the last 12 months.
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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