BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Smartsheet Inc. (SMAR) on Tuesday reported a loss of $42.7 million in its fiscal fourth quarter.
On a per-share basis, the Bellevue, Washington-based company said it had a loss of 33 cents. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The maker of a cloud-based work-management platform posted revenue of $212.3 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $206.1 million.
For the year, the company reported a loss of $215.6 million, or $1.66 per share. Revenue was reported as $766.9 million.
For the current quarter ending in April, Smartsheet expects its per-share earnings to range from 8 cents to 9 cents.
The company said it expects revenue in the range of $213 million to $215 million for the fiscal first quarter.
Smartsheet expects full-year earnings in the range of 31 cents to 38 cents per share, with revenue ranging from $943 million to $948 million.
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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