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Shares in Smartsheet increased by more than 8 percent after the company's third quarter results report struck analysts' estimates. Smartsheet reported a loss of 9 cents per share instead of 16 per cent loss per share analysts expected. The company exceeded revenue expectations, reported USD 46.7 million in revenue. Analysts had expected $ 44.1 million.
Cirrus Logic shares fell more than 6 percent after reducing revenue expectations for the third quarter. The audio chip provider said it expects revenues in the range of $ 300 million to $ 340 million, compared with previous forecasts of $ 360 million and $ 400 million. Cirrus Logic cited a recent weakness in the smartphone market, according to a press release.