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Smartsheet Inc. (SMAR) Set A New High After First Report As A Public Company

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 and climbed during the first hour of trade, before profit taking set in. The stock finished up by 2.41 at $28.95 on above average volume. Smartsheet has been gaining ground for over a week and set a new high.

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