Asana Stock Climbs After Q3 Earnings: AI Agents Bring 'Meaningful' Gains

Core Viewpoint - Asana Inc. reported strong third-quarter earnings, surpassing analyst expectations for both earnings and revenue, leading to a positive stock movement in after-hours trading [1][2]. Financial Performance - Asana's adjusted earnings for the quarter were seven cents per share, exceeding the analyst estimate of six cents [2]. - The company's quarterly revenue reached $201.03 million, which was above the Street estimate of $198.83 million [2]. Management Commentary - CEO Dan Rogers described the quarter as solid, highlighting improvements in Net Revenue Retention (NRR) and momentum with the AI Studio [3]. - Rogers emphasized the potential of the newly announced AI Teammates, which are designed to enhance productivity through collaborative, context-aware agents [4]. Future Outlook - Asana raised its adjusted EPS guidance to a range of 25 to 26 cents, compared to the analyst estimate of 34 cents [5]. - The fiscal 2026 revenue outlook was also increased to between $789 million and $791 million, while the analyst estimate stood at $853.4 million [5]. - Following the earnings report, Asana's stock price increased by 3.21% to $13.82 in after-hours trading [5].