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Strong after-hours selloff driven by softer Q3 guidance despite Q2 beat; near-term valuation readjustment as investors reassess growth momentum and profitability trajectory.
What happened, with direct paths to the underlying reporting
Asana topped Q2 revenue and EPS estimates and lifted full-year revenue guidance, signaling ongoing demand for its work-management platform. However, management issued softer Q3 revenue guidance and an earnings view below expectations, prompting a sharp after-hours share decline. The mix of a beat with cautious near-term guidance suggests a pullback in momentum until the growth trajectory is clarified.
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