Investing.com - Asana reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Asana announced earnings per share of $-0.26 on revenue of $141.4M. Analysts polled by Investing.com anticipated EPS of $-0.33 on revenue of $139.01M.
Asana shares are down 75.75% from the beginning of the year , still down 82.94% from its 52 week high of $105.98 set on Wednesday, December 1, 2021.
Asana shares lost 11.78% in after-hours trade the report.
Asana follows other major Information Technology sector earnings this month
Asana's report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, compared to forecasts EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, compared to forecast for EPS of $0.84 on revenue of $13.29B.
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