
By Yasin Ebrahim
Investing.com -- Asana cut its annual revenue guidance Thursday despite reporting better-than-expected third-quarter results as the weaker macroeconomic backdrop continued to weigh on performance.
Asana (NYSE:ASAN) fell 13% in afterhours trading following the report.
The work management platform company reported adjusted loss per share of $0.26 on revenue of $141.4 million, beating estimates for a loss of $0.33 on revenue of $139.0M.
The number of customers spending $100,000 or more on an annualized basis was up 78%
Looking ahead, the company cut its outlook on revenue to a range of $541.0M to $543.0M from $544.0M to $547.0M previously. Adjusted loss per share was forecast in the range of $1.15 to $1.14.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.