U.S. Markets closed

Smartsheet: Fiscal 4Q Earnings Snapshot

BELLEVUE, Wash. (AP) _ Smartsheet Inc. (SMAR) on Tuesday reported a loss of $11.7 million in its fiscal fourth quarter.

The Bellevue, Washington-based company said it had a loss of 11 cents per share. Losses, adjusted for stock option expense and costs related to mergers and acquisitions, came to 7 cents per share.

The results surpassed Wall Street expectations. The average estimate of five 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 $52.2 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $49.6 million.

For the year, the company reported a loss of $53.9 million, or 65 cents per share. Revenue was reported as $177.7 million.

For the current quarter ending in May, Smartsheet expects its results to range from a loss of 19 cents per share to a loss of 18 cents per share.

The company said it expects revenue in the range of $54 million to $55 million for the fiscal first quarter.

Smartsheet expects full-year results to range from a loss of 59 cents per share to a loss of 55 cents per share, with revenue ranging from $253 million to $257 million.

Smartsheet shares have climbed 75 percent since the beginning of the year.

_____

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