Asana Stock Falls After Q2 Results; Q3, FY Guidance Below Estimates
Portfolio Pulse from Erica Kollmann
Asana, Inc. (NYSE:ASAN) reported better-than-expected Q2 results but provided Q3 and FY guidance below estimates, leading to a significant drop in its stock price.
September 03, 2024 | 8:35 pm
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Asana reported Q2 results that beat expectations but provided Q3 and FY guidance below estimates. Despite positive growth in key customer segments and AI advancements, the stock fell 14.90% after-hours.
Asana's Q2 results exceeded expectations, but the guidance for Q3 and FY was below analyst estimates, which is a negative signal for investors. The stock's significant drop in after-hours trading reflects investor disappointment and concern over future performance.
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