SMAR, BRZE: Stocks Rise After Earnings Beat

Smartsheet (SMAR) earnings were just released. Its adjusted EPS came in at $0.16 versus an estimated $0.08 and revenue came in at $235.60M versus an estimated $229.34M. SMAR’s sales and marketing expenses came in at $129.9M and free cash flow came in at $45.5M. George Tsilis discusses these earnings as its FY24 guidance sees $0.53-$0.57 for adjusted EPS and $950M-$953M in revenue. He also talks about Braze (BRZE) whose earnings were also just released. Its revenue came in at $115.10M versus an estimated $108.47M and adjusted EPS came in at -$0.04 versus an estimated -$0.14. Tune in to find out more about the stock market today.