Smartsheet (NYSE:SMAR) shares gained more than 6% intra-day today following the release of its second-quarter results, which exceeded expectations. In the second quarter, the company reported earnings per share (EPS) of $0.16, surpassing the anticipated $0.08. Additionally, Smartsheet’s revenue for the quarter was $235.6 million, which exceeded the Street estimate of $229.6 million.
Looking ahead to the third quarter of fiscal year 2024, Smartsheet expects EPS to range from $0.08 to $0.09, better than the Street estimate of $0.07. Revenue projections for Q3 are between $240 million and $242 million, compared to the Street figure of $241.2 million.
For the fiscal year 2024, Smartsheet anticipates EPS to be in the range of $0.53 to $0.57, significantly higher than the Street estimate of $0.42.