Smartsheet Stock Surges on ‘Surprise’ Profitability

Smartsheet


shares rose sharply Wednesday after the provider of work-management software pleasantly surprised analysts with its earnings report for the fiscal quarter ended Jan. 31. 

Smartsheet


(ticker: SMAR) posted fourth-quarter diluted earnings of 7 cents per share, swinging from a loss of 12 cents per share a year ago and beating analysts’ expectations for a loss of 1 cent per share, according to FactSet. Fourth-quarter total revenue rose 35% year over year.

Source: https://www.barrons.com/articles/smartsheet-stock-earnings-profit-software-ca4d8620?siteid=yhoof2&yptr=yahoo