Asana Q3 Adj $(0.04) Beats $(0.11) Estimate, Sales $166.50M Beat $164.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Asana (NYSE:ASAN) reported Q3 adjusted losses of $(0.04) per share, surpassing the $(0.11) estimate, marking a 63.64% beat and an 84.62% improvement from last year's $(0.26) per share. Sales reached $166.50M, exceeding the $164.14M estimate by 1.44% and showing a 17.72% increase from the previous year's $141.44M.
December 05, 2023 | 9:12 pm
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POSITIVE IMPACT
Asana reported a smaller-than-expected Q3 loss and higher sales, indicating strong performance and potential investor confidence.
Asana's better-than-expected earnings and sales figures suggest the company is performing well, which could lead to increased investor confidence and a potential short-term rise in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100