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's shares declined following the release of Q2 financial results and Q3 guidance, both of which fell short of estimates. Additionally, the company's FY24 revenue guidance was below expectations.
September 04, 2024 | 11:45 am
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NEGATIVE IMPACT
Asana's stock is trading lower due to disappointing Q2 results and Q3 guidance, along with FY24 revenue guidance falling short of estimates.
The company's Q2 financial results and Q3 guidance were below market expectations, which typically leads to a negative reaction in stock price. Additionally, the FY24 revenue guidance being below estimates further pressures the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100