Asana Fiscal Q3 Swings to Profit, Revenue Increases; Raises Fiscal 2026 Outlook, Q4 Guidance Posted

MT Newswires Live12-03

Asana (ASAN) reported late Tuesday fiscal Q3 non-GAAP net income of $0.07 per share, up from a loss of $0.02 a year earlier.

Analysts polled by FactSet expected a non-GAAP income of $0.06.

Revenue for the quarter ended Oct. 31 was $201 million, compared with $183.9 million a year earlier.

Analysts surveyed by FactSet expected $198.8 million.

For fiscal Q4, the software firm is projecting a non-GAAP EPS of $0.07. Analysts polled by FactSet expect $0.06.

Fiscal Q4 revenue is expected in the range of $204 million to $206 million. Analysts polled by FactSet predict $203.2 million in revenue.

For its fiscal 2026, Asana said it is expecting a non-GAAP EPS of $0.25 to $0.26, raising its guidance from the previously expected $0.23 to $0.25. Analysts polled by FactSet expect $0.24.

Fiscal 2026 revenue is expected in the range of $789 million to $791 million compared with the previously expected $780 million to $790 million. Analysts polled by FactSet are predicting a revenue of $786.3 million.

Shares of the company were up about 5% in recent after-hours activity.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment