Asana Sees FY24 Adj. EPS $(0.27)-$(0.26) vs $(0.38) Est., Revenues $648.5M-$649.5M vs $646.1M Est.
Portfolio Pulse from Benzinga Newsdesk
Asana, Inc. has provided guidance for FY24 with an adjusted EPS range of $(0.27)-$(0.26), which is better than the estimated $(0.38). The company also forecasts revenues of $648.5M-$649.5M, surpassing the estimated $646.1M.
December 05, 2023 | 9:15 pm
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Asana's FY24 guidance suggests a narrower loss per share and higher revenues than analysts estimated, indicating potential operational improvements and growth.
Asana's guidance for a smaller than expected loss per share and higher revenue forecasts for FY24 could be seen as a sign of strong performance and potential growth, which may positively influence investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100