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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
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Software & services

Asana unlikely to surprise the market with in-line 2Q earnings

Asana Inc is expected to report results that are in line with its own guidance as well as analysts’ expectations when it releases its second-quarter report after the closing bell on Tuesday, September 5.

The work management platform has already guided investors to expect revenue of $157.5 million to $158.5 million for the three months to July 31, 2023. Analysts expect revenue to reach the midpoint, with consensus at $157.8 million for a 17% year-over-year increase.

Asana has forecast an adjusted loss per share of $0.11 to $0.12 for the year and analysts’ consensus is for a $0.12 loss.

Ahead of its results release, Asana’s shares closed 0.4% up at $21.63 on Friday.

Contact the author at stephen.gunnion@proactiveinvestors.com

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