Smartsheet posts narrower-than-expected quarterly loss, but shares drop
Shares of Smartsheet Inc. dropped 7% in the extended session Thursday despite better-than-expected quarterly results and guidance for the software-as-a-service company. Smartsheet lost $40.1 million, or 31 cents a share, in the fiscal third quarter, compared with a loss of $36.7 million, or 29 cents a share, in the year-ago period. Adjusted for one-time items, Smartsheet lost 1 cent a share. Revenue rose 38% to $199.6 million, the company said. Analysts polled by FactSet expected an adjusted... Читать дальше...