Why Asana (ASAN) Shares Are Getting Obliterated Today : vima

Why Asana (ASAN) Shares Are Getting Obliterated Today

Shares of work management software maker Asana (NYSE: ASAN) fell 11.1% in the morning session after the company reported fourth-quarter results and provided underwhelming guidance, with revenue projections for the next quarter and the full year in line with expectations. Asana's guidance for operating loss for those periods was worse than expectations. Additionally, its revenue guidance for next year suggests a meaningful slowdown in growth.

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