Asana (NYSE:ASAN) shares fell 10.9% in pre-market trading after the work management software company reported second-quarter fiscal 2027 revenue and adjusted earnings above expectations but issued third-quarter guidance that came in below some ****** yst forecasts.
Second-quarter revenue reached $216.4 million, an increase of 10% from a year earlier and above the upper end of the company's guidance range. Adjusted earnings per share were $0.10, compared with the consensus estimate of $0.09.
For the third quarter, however, Asana forecast adjusted earnings per share of $0.08, below the $0.09 ****** yst consensus.
Asana expects third-quarter revenue of between $217 million and $219 million, compared with a consensus estimate of approximately $218.2 million.
The guidance represents anticipated year-over-year revenue growth of approximately 8% to 9%, compared with the 10% increase reported for the second quarter.
#million
Second-quarter revenue reached $216.4 million, an increase of 10% from a year earlier and above the upper end of the company's guidance range. Adjusted earnings per share were $0.10, compared with the consensus estimate of $0.09.
For the third quarter, however, Asana forecast adjusted earnings per share of $0.08, below the $0.09 ****** yst consensus.
Asana expects third-quarter revenue of between $217 million and $219 million, compared with a consensus estimate of approximately $218.2 million.
The guidance represents anticipated year-over-year revenue growth of approximately 8% to 9%, compared with the 10% increase reported for the second quarter.
#million
2 months ago
