Asana shares are trading lower after the company reported Q2 financila results and issued Q3 guidance below estimates. Also, the company issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Asana shares declined following the release of Q2 financial results and Q3 guidance that fell short of estimates. Additionally, the company's FY24 revenue guidance was below expectations.
September 03, 2024 | 8:19 pm
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NEGATIVE IMPACT
Asana's stock is trading lower due to disappointing Q2 results and guidance for Q3 and FY24 that fell below market expectations.
The company's Q2 financial results and guidance for Q3 and FY24 were below estimates, which typically leads to a negative market reaction as investors adjust their expectations for future performance.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100