Asana’s stock rises on revenue, earnings beat

Asana Inc.’s ASAN, +0.05% stock initially advanced 4.5% in extended trading Tuesday after the work-management platform provider reported quarterly results that topped analyst revenue and earnings estimates. Asana reported a fiscal second-quarter net loss of $71.4 million, or 33 cents a share, compared with a net loss of $112.

9 million, or 59 cents a share, in the year-ago quarter. Adjusted earnings were a loss of 4 cents a share. Revenue jumped 20%, to $162.5 million from $134.9 million a year ago. Analysts surveyed by FactSet had expected on average a net loss of 11 cents a share on revenue of $157.9 million. Shares of Asana have soared 57% this year, while the broader S&P 500 index SPX, -0.42% has increased 17%.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Visa Inc. Cl A stock rises Friday, outperforms marketShares of Visa Inc. Cl A inched 0.99% higher to $248.11 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P...
Source: MarketWatch - 🏆 3. / 97 Read more »

5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Jim Cramer's top 10 things to watch in the stock market TuesdayArm Holdings' initial public offering pricing is expected in a range of $47 to $51 per share.
Source: CNBC - 🏆 12. / 72 Read more »