Why Asana's Shares Popped 14.7% in Trading on Thursday
Shares of tech stock Asana (NYSE: ASAN) jumped as much as 14.7% in trading Thursday after the company reported third-quarter 2020 results. Shares slid some as the day went on, but they were still up 8% at 3 p.m. EST.
The work management platform's revenue jumped 55% in the quarter to $58.9 million, and net loss ballooned to $73.3 million, or $0.65 per share. On an adjusted basis, net loss was $0.34 per share, which was three cents better than analysts were expecting.
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Source Fool.com
