Asana ASAN reported its Q3 earnings results on Thursday, December 5, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Asana beat estimated earnings by 71.0%, reporting an EPS of $-0.02 versus an estimate of $-0.07.
Revenue was up $17.38 million from the same period last year.
Analysis of Past Earnings
The company beat on EPS by $0.03 in the previous quarter, leading to a 5.0% drop share price change the next day.
Here's a look at Asana's past performance:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.08 | -0.08 | -0.10 | -0.11 |
| EPS Actual | -0.05 | -0.06 | -0.04 | -0.04 |
| Revenue Estimate | 177.65M | 168.73M | 167.68M | 164.14M |
| Revenue Actual | 179.21M | 172.45M | 171.13M | 166.50M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Asana management provided guidance for FY 2025, expecting earnings between $-0.15 and $-0.14 per share.
To track all earnings releases for Asana visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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