Asana shares surge nearly 30% on strong earnings beat and solid outlook
Originally Published: https://siliconangle.com/2023/03/08/asana-shares-surge-nearly-30-strong-earnings-beat-solid-outlook/ Shares in Asana Inc. surged nearly 30% in late trading after the work management software company surprised investors with earnings and revenue beats and a mostly better-than-expected outlook. revenue for its fourth quarter that ended Jan. 31, Asana reported a loss before costs such as stock compensation of $33.2 million, or 15 cents per share, down from a loss of $46.9 million, or 25 cents per share, in the same quarter of last year. Revenue rose 34% from a year ago, to $150.2 million. Analysts had been expecting a loss of 27 cents per share on revenue of $144.85 million. Cost of Asana: Asana is a popular project management tool that offers a range of features, including task management, team collaboration, and project tracking. The cost of asana is based on different pricing plans, including a free plan for indiv...