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Smartsheet Inc. (SMAR) Is Climbing After Q1 Loss

Smartsheet Inc. (SMAR) reported a first quarter non-GAAP loss of $0.12 per share after the bell Monday, compared to the loss of $0.08 per share last year. Analysts expected a loss of $0.18 per share.

The company expects to report a second quarter non-GAAP loss of $0.14 to $0.13 per share and a full year 2019 non-GAAP loss of $0.59 to $0.56 per share.

Smartsheet gapped open higher Tuesday morning and has continued to rise in early trade. The stock is now up 3.27 at $29.81. Smartsheet has been gaining ground for over a week and has set a new high.

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