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Smartsheet Jumps on Narrower-Than-Expected Fourth-Quarter Loss

Tony Owusu

were rising 7.7% in trading Wednesday after its adjusted fourth-quarter loss was narrower than analysts' expectations. The Bellevue, Wash.-based business communication company reported a net loss of 11 cents per share, or a loss of 7 cents per share on an adjusted basis, on revenue of $52.2 million. "Q4 capped a great year for Smartsheet," said Mark Mader, CEO of Smartsheet.