Stock Track | Asana, Inc. Soars 5.23% Intraday on Strong Q3 Earnings and AI Innovations

Stock Track12-03 12:14

Asana, Inc. (ASAN) saw its stock price surge by 5.23% during Tuesday's intraday trading session, driven by the company's better-than-expected third-quarter earnings and the launch of its AI Teammates.

The work management software maker reported Q3 revenue of $201 million, surpassing the analyst estimate of $198.8 million, and adjusted EPS of $0.07, beating the consensus of $0.06. Additionally, Asana raised its fiscal 2026 revenue guidance to $789-791 million, signaling confidence in its growth trajectory.

Investors also reacted positively to the introduction of AI Teammates, which received strong feedback from industry analysts for their potential to enhance productivity. CEO Dan Rogers highlighted the "meaningful productivity gains" from early customer results, further boosting investor sentiment.

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