Asana, Inc. (NYSE: ASAN) saw its stock price surge by 5.01% during Tuesday's intraday trading session. The significant movement comes as investors anticipate the company's upcoming earnings release.
The San Francisco-based company is scheduled to report its third-quarter earnings after the closing bell on Tuesday. Analysts expect Asana to post quarterly earnings of 6 cents per share, a notable improvement from a year-ago loss of 2 cents per share. Revenue is projected at $198.78 million, up from $183.88 million a year earlier. The positive sentiment is further bolstered by Asana's recent better-than-expected second-quarter results and raised FY26 guidance.