By Nicholas G. Miller
Shares of Asana rose after the company reported quarterly revenue above Wall Street's expectations and raised its fiscal-year revenue guidance.
The stock gained 15% to $7.67. It is down 44% so far this year.
The work-management platform purveyor posted a fiscal first-quarter loss of $14.4 million, or 6 cents a share, compared with a loss of $40 million, or 17 cents a share, the year prior.
Adjusted earnings were 10 cents a share. Analysts polled by FactSet expected 8 cents a share.
Revenue rose 9.5% to $205.1 million. Wall Street expected $203.6 million.
The company also raised its full-year revenue guidance to $855.5 million to $863.5 million, up from its previous forecast of $850 million to $858 million.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
May 29, 2026 14:46 ET (18:46 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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