Asana Sees Q4 Adj. EPS $(0.10)-$(0.09) vs $(0.16) Est., Revenue $167M-$168M vs $166.83M Est.
Portfolio Pulse from Benzinga Newsdesk
Asana, Inc. reported better-than-expected Q4 adjusted EPS and revenue forecasts. The company anticipates an adjusted EPS between $(0.10) and $(0.09), surpassing the $(0.16) estimate. Revenue is projected to be between $167M and $168M, slightly above the $166.83M estimate.
December 05, 2023 | 9:14 pm
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POSITIVE IMPACT
Asana, Inc. is expected to see a positive short-term impact on its stock price after reporting Q4 adjusted EPS and revenue that beat estimates.
Asana's reported Q4 adjusted EPS and revenue forecasts are better than analysts' estimates, which is a strong indicator of the company's financial health and often results in a positive market reaction. Investors typically respond well to earnings beats, which can lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100