Investing.com - Smartsheet reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Smartsheet announced earnings per share of $-0.1 on revenue of $186.69M. Analysts polled by Investing.com anticipated EPS of $-0.1996 on revenue of $180.27M.
Smartsheet shares are down 60.21% from the beginning of the year , still down 64.02% from its 52 week high of $85.65 set on Friday, September 3, 2021. They are under-performing the EUR/USD which is down 0% year to date.
Smartsheet follows other major Information Technology sector earnings this month
Smartsheet's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on Thursday with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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