(SMAR) shares rose in the extended session Monday after the cloud-software company's quarterly results and outlook topped Wall Street estimates. Smartsheet shares rose 4.4% after hours, following a 0.6% rise to close the regular session at $27.06. The company reported a third-quarter loss of $15.6 million, or 15 cents a share, compared with a loss of $10.4 million, or 54 cents a share, in the year-ago period. The adjusted loss was 9 cents a share. Revenue rose to $46.9 million from $29.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 13 cents a share on revenue of $39.2 million. For the fourth quarter, Smartsheet expects an adjusted loss of 15 cents to 13 cents a share on revenue of $49 million to $50 million, while analysts had forecast a loss of 16 cents a share on revenue of $44.1 million.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
No comments:
Post a Comment