Asana's stock is falling after another quarterly loss
Asana Inc.'s (ASAN) stock dropped 6% in extended trading Tuesday after the software company reported quarterly results. Asana reported a fiscal-third-quarter net loss of $61.8 million, or 28 cents a share, compared with a net loss of $100.9 million, or 49 cents a share, in the same quarter a year ago. The adjusted net loss was 4 cents a share. Revenue was $166.5 million, compared with $141.4 million in the same quarter a year ago. Analysts surveyed by FactSet had expected on average a net loss of 11 cents a share on revenue of $164.1 million. Shares of Asana have soared 69% this year. The broader S&P 500 index has improved 19%.
-Jon Swartz
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12-05-23 1615ET
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